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

Rhea-AI Summary

Coherent Corp. (NYSE: COHR) has announced plans to sell its epitaxial fabrication facility in Champaign, Illinois, as part of its manufacturing footprint optimization strategy. The 65,000 ft² campus includes four buildings and features five G3 epi systems within 15,000 ft² of Class 1000 ballroom-style cleanrooms.

The facility, located near the University of Illinois at Urbana-Champaign, is equipped to handle up to 10 epitaxial tools and has previously manufactured 2-inch to 6-inch indium phosphide and gallium arsenide wafers. The site includes various fabrication and characterization equipment.

Positive

• Manufacturing footprint optimization could lead to improved operational efficiency
• Potential cash influx from facility sale

Negative

• Reduction in manufacturing capacity
• Potential loss of strategic manufacturing capabilities in epitaxial fabrication

News Market Reaction – COHR

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SAXONBURG, Pa., March 26, 2025 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, announced today that it will sell its epitaxial fabrication facility in Champaign, Illinois, as part of its ongoing initiatives to optimize its manufacturing footprint.

The 65,000 ft² campus features five G3 epi systems in 15,000 ft² of Class 1000 ballroom-style cleanrooms. The fab is facilitized for up to 10 epitaxial tools and previously produced 2-inch to 6-inch indium phosphide and gallium arsenide wafers. Located six miles from the University of Illinois at Urbana-Champaign, the site comprises four buildings and a variety of fabrication and characterization equipment.

Inquiries can be directed to Tim Challingsworth, VP of Strategy & Corporate Development, at tim.challingsworth@coherent.com.

About Coherent

Coherent empowers market innovators to define the future through breakthrough technologies, from materials to systems. We deliver innovations that resonate with our customers in diversified applications for the industrial, communications, electronics, and instrumentation markets. Coherent has research and development, manufacturing, sales, service, and distribution facilities worldwide. For more information, please visit us at coherent.com.

Media Contact:

Amy Wilson
Corporate Communications & Investor Relations
corporate.communications@coherent.com

FAQ

What assets are included in Coherent's (COHR) Champaign facility sale?

The facility includes a 65,000 ft² campus with four buildings, five G3 epi systems, 15,000 ft² of Class 1000 cleanrooms, and various fabrication equipment.

What is the production capacity of COHR's Champaign epitaxial facility?

The facility is facilitized for up to 10 epitaxial tools and has produced 2-inch to 6-inch indium phosphide and gallium arsenide wafers.

Where is Coherent's (COHR) epitaxial facility located?

The facility is located in Champaign, Illinois, six miles from the University of Illinois at Urbana-Champaign.

Why is Coherent (COHR) selling its Champaign facility?

The sale is part of Coherent's ongoing initiatives to optimize its manufacturing footprint.