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Institution: Canada's core CPI will remain moderate until the end of 2026
Coherent is planning to raise $50 million to expand AI infrastructure photonics device manufacturing capacity
BlockBeats News, June 17th, Global photonics technology company Coherent (COHR) announced that it has signed a letter of intent with the U.S. Department of Commerce to receive up to $50 million in direct funding under the CHIPS Act to expand its 6-inch Indium Phosphide (InP) semiconductor manufacturing facility in Sherman, Texas, USA.
Coherent stated that this investment will support the growing demand for optical networking technology in AI data centers and further strengthen its long-standing and recently expanded partnership with NVIDIA. Upon project completion, the Sherman facility is expected to create over 1,000 jobs, including more than 550 advanced manufacturing, engineering, and technical positions. The expansion will double the manufacturing production space and quadruple wafer capacity.
This capacity expansion will enhance the U.S. domestic photonics chip supply chain capabilities and support the high-speed data transmission needs of AI computing infrastructure, alleviating the communication bottlenecks brought by large-scale AI computation. It will also collaborate with NVIDIA to drive the upgrade of optical networking and interconnect technologies for AI-centric "Data Center Factories." Previously, NVIDIA announced a $2 billion investment in Coherent.
BlockBeats News, June 17th, Global photonics technology company Coherent (COHR) announced that it has signed a letter of intent with the U.S. Department of Commerce to receive up to $50 million in direct funding under the CHIPS Act to expand its 6-inch Indium Phosphide (InP) semiconductor manufacturing facility in Sherman, Texas, USA.
Coherent stated that this investment will support the growing demand for optical networking technology in AI data centers and further strengthen its long-standing and recently expanded partnership with NVIDIA. Upon project completion, the Sherman facility is expected to create over 1,000 jobs, including more than 550 advanced manufacturing, engineering, and technical positions. The expansion will double the manufacturing production space and quadruple wafer capacity.
This capacity expansion will enhance the U.S. domestic photonics chip supply chain capabilities and support the high-speed data transmission needs of AI computing infrastructure, alleviating the communication bottlenecks brought by large-scale AI computation. It will also collaborate with NVIDIA to drive the upgrade of optical networking and interconnect technologies for AI-centric "Data Center Factories." Previously, NVIDIA announced a $2 billion investment in Coherent.
Deutsche Bank: If Waller avoids sending policy signals, arbitrage opportunities will arise
SpaceX stock falls for the first time since listing; market participants suggest buying the dip
The Baltic Dry Index falls to a nearly one-month low
Citi raises Applied Materials' target price to $710
GSK oral antibiotic approved by FDA for treatment of complicated urinary tract infections
Johnson & Johnson has no intention of developing obesity drugs and will focus on areas such as cancer.
Renowned trader Technorevenant still holds 80 million XPL, with his unrealized loss reduced to $86.6 million.
BlockBeats News, June 17th, according to MLM Monitor, 8 months later, renowned trader Technorevenant still holds all of his 80 million XPL purchased a few days after the XPL TGE, worth $9.2 million, representing 0.8% of the total supply.
With the XPL price rising in the past few days, his unrealized loss has narrowed from about $91 million at the recent bottom to $86.6 million.
BlockBeats News, June 17th, according to MLM Monitor, 8 months later, renowned trader Technorevenant still holds all of his 80 million XPL purchased a few days after the XPL TGE, worth $9.2 million, representing 0.8% of the total supply.
With the XPL price rising in the past few days, his unrealized loss has narrowed from about $91 million at the recent bottom to $86.6 million.
XION officially rebrands as Verona (VERONA) and launches flagship product "Ero"
Odaily reported that Verona has officially announced a complete rebranding, along with the launch of its flagship product "Ero", marking a new phase in its ecosystem focused on application-driven development and a closed-loop revenue core. According to Verona, the new economic model will unify both on-chain and off-chain ecosystem revenues into a "buyback + burn" mechanism designed to support token value capture and a deflationary structure. The platform's income sources span seven sectors, including revenue sharing from ecosystem applications, verification fees, enterprise contracts, data reuse, AI agent interactions, enterprise intelligent services, and settlement reserve earnings.
Analysts pointed out that this model aims to integrate blockchain infrastructure, advertising verification, and the AI agent economy into a unified revenue system, strengthening the link between tokens and real cash flow.
Odaily reported that Verona has officially announced a complete rebranding, along with the launch of its flagship product "Ero", marking a new phase in its ecosystem focused on application-driven development and a closed-loop revenue core. According to Verona, the new economic model will unify both on-chain and off-chain ecosystem revenues into a "buyback + burn" mechanism designed to support token value capture and a deflationary structure. The platform's income sources span seven sectors, including revenue sharing from ecosystem applications, verification fees, enterprise contracts, data reuse, AI agent interactions, enterprise intelligent services, and settlement reserve earnings.
Analysts pointed out that this model aims to integrate blockchain infrastructure, advertising verification, and the AI agent economy into a unified revenue system, strengthening the link between tokens and real cash flow.