Rain early. Decreasing clouds overnight. Low 52F. Winds light and variable. Chance of rain 70%..
Rain early. Decreasing clouds overnight. Low 52F. Winds light and variable. Chance of rain 70%.
Updated: June 16, 2026 @ 5:55 pm
Jensen Huang, left, president and CEO of Nvidia, and Jim Anderson, CEO of Coherent, sign a ceremonial construction beam before a groundbreaking ceremony for an expansion of Coherent’s manufacturing facility on Tuesday, June 16, 2026, in Sherman, Texas.
Nvidia is betting on artificial intelligence to revive U.S. manufacturing. The Silicon Valley company has unveiled a major AI infrastructure upgrade as part of a $2 billion partnership with Coherent. This involves a Texas factory producing materials for lasers that enhance chip efficiency. Nvidia CEO Jensen Huang believes AI can create jobs rather than replace them. Nvidia is shifting from chip development to entire AI systems, with production focused in the U.S. The factory is expected to create 1,000 jobs. The AI industry is seen as crucial for economic growth and national security, with bipartisan government support.
Your browser is out of date and potentially vulnerable to security risks.
We recommend switching to one of the following browsers: