Nvidia to invest $4 billion in photonic product makers Lumentum and Coherent

March 2 (Reuters) – Nvidia (NVDA) will ‌invest $2 billion ‌each in photonic ​product makers Lumentum (LITE) and Coherent (COHR) to support ‌the ⁠companies’ research and development ⁠and manufacturing operations ​in ​the ​U.S., the ‌companies said on Monday.

Shares of Lumentum and Coherent were ‌up ​over ​7% ​in ‌premarket trading.

(Reporting by ​Zaheer ​Kachwala in Bengaluru; ​Editing ‌by Sriraj Kalluvila ​and Maju ​Samuel)