Lumentum Expands Manufacturing For AI Data Centers

Lumentum Holdings announced Thursday it will expand U.S. manufacturing with a new 240,000-square-foot facility in Greensboro, North Carolina, acquired from Qorvo, to produce indium phosphide-based optical devices including continuous wave and ultra-high-power lasers, and targets production ramp-up by mid-2028. NVIDIA confirmed as a customer, and the stock rose 1.5% after-hours following an 11.37% regular-session decline, a move aimed at strengthening AI data center supply continuity.