Lumentum has completed the acquisition of a semiconductor manufacturing facility from Qorvo, adding a key asset to expand its indium phosphide (InP) production capacity. The deal, valued at $18 million, includes two land parcels and a fully equipped fab in Greensboro.
The move comes as Lumentum rides a wave of momentum. The company recently secured a strategic investment from NVIDIA and was added to the S&P 500, positioning it for accelerated growth in optical and photonic components.
The acquired facility will become Lumentum’s fifth indium phosphide fab. InP offers significant performance advantages over traditional silicon in optical devices, making it a critical material for high-end photonic chips used in AI compute, data centers, and high-speed networking.
Lumentum’s CEO noted that the site comes with clean rooms and an experienced operations team, eliminating the need to build from scratch. After transferring existing products and installing its own epitaxy and reaction equipment, the company expects to bring the fab online in 2028, scaling capacity to meet rising demand from customers like NVIDIA.
ICgoodFind : Lumentum’s fab acquisition locks in more indium phosphide capacity. AI-driven demand for optical connectivity keeps the photonics supply chain running hot.
