Lumentum buys Qorvo's Greensboro plant for indium phosphide lasers

Lumentum announced it had taken over a 240,000-square-foot plant in Greensboro, North Carolina, bought from Qorvo, and will convert it to make indium phosphide optical devices. Production is expected to ramp in mid-2028 on 6-inch InP wafers, with NVIDIA named as a customer. The quarterly 10-Q shows the site was acquired on March 17, 2026 for $38.0 million in cash. The company plans to invest hundreds of millions of dollars over several years and expects to keep or create more than 400 U.S. jobs.

• 240,000 sq ft plant in Greensboro, NC, acquired on March 17, 2026 for $38.0M in cash.
• Production ramp expected in mid-2028 on 6-inch InP wafers.
• NVIDIA named as a customer; company plans to serve other AI infrastructure customers.
• Plans to invest hundreds of millions of dollars over several years; over 400 U.S. manufacturing jobs preserved or created.