coherent corp chennai centre of excellence: US electronics manufacturer Coherent Corp establishes first global centre of excellence in Chennai
The centre will be located on the IITMRP campus and focus on research and development (R&D) of products and services used in lasers, optical networking components and systems, EV batteries, and compound semiconductor devices for the markets supported by mobile, intelligent, and electric applications.
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“We are glad that Coherent Corp, a company that plays an important role in the semiconductor value chain, has chosen Tamil Nadu for its first CoE,” state industries minister T R B Rajaa said in a statement. “This is their first direct investment in India in laser applications. The combination of the state’s business ecosystem, unparalleled talent pool and presence of pioneering academic institutions makes Tamil Nadu a destination of choice for companies like Coherent,”
Giovanni Barbarossa, chief strategy officer and president, materials segment for Coherent said the COE signals their commitment to partner with India and invest in Indian talent. “India is a rapidly growing market for Coherent Corp with an almost $2 billion total addressable market (TAM) growing at a 40% CAGR over the next five years. It is a great base for our manufacturing operations and an ideal hub for our R&D activities.”
Ashok Jhunjhunwala, president of IITMRP also indicated that Coherent Corp. should start manufacturing in the state. “Joint collaboration with Coherent, with its focus on materials, networking, and lasers for the industrial, communications, electronics, and instrumentation markets, will immensely benefit the IITM and IITMRP community.”
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