Nvidia to invest $2 billion in Clinton Township-based Coherent

Coherent, a manufacturing hub based in Clinton Township, is set to receive a major cash infusion from tech giant Nvidia, according to a joint news release from the two companies Monday morning.

The agreement calls for Nvidia to invest $2 billion into Coherent to support research and development and capacity expansion of Coherent’s manufacturing facilities, with a focus on artificial intelligence technology.

Nvidia’s investment will boost the expansion of Coherent’s manufacturing and AI infrastructure at its various U.S. based facilities.