Lumentum Holdings Inc. (NASDAQ:LITE) shares are trending on Thursday night.
LITE rose 1.50% to $699.10 in after-hours trading on Thursday.
The surge followed a regular-session dip of 11.37%, which closed the stock at $688.80, according to Benzinga Pro data.
Lumentum Holding announced a major U.S. manufacturing expansion on Thursday.
Greensboro Facility to Serve AI Data Centers
According to the AI infrastructure company, the new 240,000-square-foot facility in Greensboro, North Carolina, acquired from semiconductor chipmaker Qorvo, will manufacture indium phosphide-based optical devices, including continuous wave and ultra-high-power lasers.
Lumentum Holdings said the facility is expected to significantly expand its manufacturing capacity by leveraging 6-inch InP wafers, with production ramp-up targeted for mid-2028.
Michael Hurlston, CEO of Lumentum, said, “Our customers are building the infrastructure that will define the next era of computing.”
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