Lumentum: Strong demand for optoelectronic components will keep its production capacity fully booked through 2029.
As tech firms race to build faster AI data centers, Lumentum reports its optoelectronic components capacity is almost fully booked, a status set to persist until around 2029. Earlier this year, Nvidia invested $2 billion in Lumentum, which is a key supplier of advanced indium phosphide devices that power high-speed cloud computing and data transmission. Lumentum CEO Michael Hurlston said the firm will fail to meet roughly 70% of product demand next year, and still fall short of 30% of demand by
@tonmelonfest
As tech firms race to build faster AI data centers, Lumentum reports its optoelectronic components capacity is almost fully booked, a status set to persist until around 2029. Earlier this year, Nvidia invested $2 billion in Lumentum, which is a key supplier of advanced indium phosphide devices that power high-speed cloud computing and data transmission. Lumentum CEO Michael Hurlston said the firm will fail to meet roughly 70% of product demand next year, and still fall short of 30% of demand by
@tonmelonfest