Overview
- Lumentum says its Greensboro, North Carolina site is now running and will be retrofitted to make 6‑inch indium phosphide wafers with a full production ramp targeted for mid‑2028.
- The 240,000‑square‑foot plant, purchased from Qorvo, will produce continuous‑wave and ultra‑high‑power lasers that move data between servers in AI data centers where copper links fall short.
- Nvidia is confirmed as a customer under existing agreements, and market reporting cites a $2 billion Nvidia strategic investment with multi‑billion dollar purchase commitments for advanced laser parts.
- The company plans to invest hundreds of millions of dollars at the site and expects to preserve and create more than 400 jobs through a transfer of Qorvo employees and new hiring.
- Lumentum shares jumped nearly 9% in recent trading as coverage highlighted the U.S. expansion tied to AI demand, even as the multi‑year retrofit and qualification work pose execution risks.