Coherent Announces Intent to Sell Epitaxial Fabrication Facility in Champaign, Illinois

Core Insights - Coherent Corp. announced the sale of its epitaxial fabrication facility in Champaign, Illinois, as part of its strategy to optimize its manufacturing footprint [1] Company Overview - Coherent is a global leader in materials, networking, and lasers, focusing on empowering market innovators through breakthrough technologies [4] - The company operates research and development, manufacturing, sales, service, and distribution facilities worldwide [4] Facility Details - The Champaign facility spans 65,000 square feet and includes five G3 epi systems within 15,000 square feet of Class 1000 cleanrooms [2] - The facility is equipped for up to 10 epitaxial tools and has previously produced indium phosphide and gallium arsenide wafers ranging from 2 inches to 6 inches [2] - The site is located six miles from the University of Illinois at Urbana-Champaign and consists of four buildings with various fabrication and characterization equipment [2]