AI Summary
Lumentum Holdings Inc. has reported that its optoelectronic components are fully booked through nearly 2029, driven by demand from technology firms for enhanced AI data center capabilities. The company recently secured a $2 billion investment from Nvidia, which is aimed at boosting production of its advanced devices.
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- Lumentum Holdings Inc. has its optoelectronic parts sold out until almost 2029.
- The high demand is primarily from tech companies seeking faster AI data centers.
- Lumentum produces advanced indium phosphide devices that facilitate high-speed cloud computing and data transmission.
- Earlier this year, Lumentum received a $2 billion investment from Nvidia Corp. to enhance its production capabilities.
nvidiaoptoelectronicsdata centersai demandtechnology