NVIDIA, Coherent to build $2B AI factory in Sherman Texas
Business
NVIDIA is teaming up with Coherent to build a $2 billion AI factory in Sherman, Texas, creating 1,000 new jobs, including 550 in engineering and advanced manufacturing.
NVIDIA Corp. co-founder Jensen Huang says this move shows how AI can actually create opportunities instead of replacing people.
Plant to make indium phosphide
The new facility will make indium phosphide for lasers that boost NVIDIA chip performance, helping chips run faster, use half the power, and cut costs.
Backed by federal support from both recent US administrations, the project aims to strengthen American AI production.
Economists think moves like this could help AI's share of the US economy, currently roughly 3%, jump to a range of 8% to 39%, giving manufacturing a fresh boost.