Lumentum (LITE) to Open Greensboro Plant for AI Data Center Lasers

1 hour ago 2

Maham Fatima

Thu, April 2, 2026 astatine 10:03 AM CDT 2 min read

Lumentum Holdings Inc. (NASDAQ:LITE) is 1 of the best US stocks to bargain and clasp for the adjacent 3 years. On March 26, Lumentum announced plans to found a caller 240,000-square-foot manufacturing installation successful Greensboro, North Carolina, dedicated to producing precocious indium phosphide/InP optical devices. The site, acquired from semiconductor chipmaker Qorvo, volition absorption connected manufacturing continuous question and ultra-high-power lasers indispensable for large-scale AI information centers.

This enlargement strengthens Lumentum’s home accumulation capabilities and utilizes a highly skilled section workforce and robust infrastructure. The installation is presently operational and volition beryllium retrofitted to enactment the accumulation of 6-inch InP wafers, with a afloat accumulation ramp-up expected by mid-2028. Nvidia volition service arsenic a superior lawsuit for the site, supporting the enlargement of captious US infrastructure and probe done existing strategical agreements.

Lumentum (LITE) to Open Greensboro Plant for AI Data Center Lasers

Lumentum (LITE) to Open Greensboro Plant for AI Data Center Lasers

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Lumentum Holdings Inc. (NASDAQ:LITE) intends to put hundreds of millions of dollars into the determination implicit the coming years, aiming to heighten proviso concatenation resilience and conscionable the rising request for hyperscale unreality and AI networking. This task is expected to sphere and make much than 400 manufacturing and engineering jobs successful the Greensboro area.

Lumentum Holdings Inc. (NASDAQ:LITE) is simply a communication-equipment institution that specializes successful optical & photonic products done the Cloud & Networking and Industrial Tech segments.

While we admit the imaginable of LITE arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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