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Anusuya Lahiri

Lumentum Invests Big In Thailand To Fuel AI Chip Future

Lumentum Thailand Nasdaq LITE Artificial Intelligence Nvidia

Konskie,,Poland,-,March,11,,2025:,Lumentum,Holdings,Inc,Company

Lumentum Holdings (NASDAQ:LITE) announced plans to invest 2.3 billion baht ($70.3 million) to expand its production capacity in Thailand. The U.S. supplier of optical and photonic products aimed to manufacture chips that support the development of artificial intelligence.

The investment reflects the Nvidia (NASDAQ:NVDA) and Apple (NASDAQ:AAPL) partner’s strategy to capitalize on the growing global demand for AI-enabled components and strengthen its footprint in Southeast Asia, the Nikkei Asia reported on Friday.

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