Close Menu
Machinery Asia
  • Home
  • Industry News
  • Heavy Machinery
  • Backhoe Loader
  • Excavators
  • Skid Steer
  • Videos
  • Shopping
  • News & Media
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
Machinery Asia
Subscribe
  • Home
  • Industry News
  • Heavy Machinery
  • Backhoe Loader
  • Excavators
  • Skid Steer
  • Videos
  • Shopping
  • News & Media
Machinery Asia
You are at:Home ยป Entegris will get $75 million in CHIPS financing for the Colorado plant
Industry News

Entegris will get $75 million in CHIPS financing for the Colorado plant

Machinery AsiaBy Machinery AsiaJune 28, 2024No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email Tumblr

This audio is automatically generated. Please let us know if you have any comments.

Dive Brief:

  • The Commerce Department will provide up to $75 million in CHIPS and Science Act funding to semiconductor supplier Entegris, for several press releases.
  • The funds will support Entegris’ construction of a $600 million, 100,000-square-foot manufacturing center in Colorado Springs, which is expected to begin operations in early 2025.
  • The facility, which opened in June 2023, is expected to create nearly 600 direct manufacturing jobs over several years and approximately 500 construction jobs by 2030.

Diving knowledge:

Entegris is among the many technology companies the federal government is relying on to power its semiconductor supply chain with unique approaches to manufacturing chip materials.

The new facility will produce unified front-opening pods, which are currently produced entirely overseas. Highly specialized containers secure the semiconductor wafers while they are handled and transported during the manufacturing process.

Internal transport systems have helped customers such as Intel, TSMC, Micron and GlobalFoundries.

Entegris also plans to claim the Department of Revenue’s investment tax credit, which is expected to cover up to 25% of qualified capital expenditures.

The Colorado Springs facility is being built in multiple phases, with the first to support the production of front-opening unified pods and liquid filter membranes. The second phase will support the production of advanced liquid filters and purifiers, as well as fluid handling solutions.

In addition to the manufacturing center, Entegris is also committed to further expanding its research and development capabilities in the US by the end of the decade, according to the press release.

For its workforce, Entegris has partnered with Arizona-based Microchip Technology, which received $90 million in CHIPS funding to build a manufacturing facility in Colorado Springs in January. Entegris also works with local educational institutions, nearby Army and Air Force bases, and veteran service organizations with the goal of recruiting 50% of its workforce from veterans and military families. The Colorado Springs facility will also serve as a Military Center of Excellence.

To date, the CHIPS Act has announced up to $29.5 billion in proposed funding for the nation’s semiconductor supply chain. Entegris’ announcement marks the Act’s eleventh preliminary memorandum of terms, following Rocket Lab’s $24 million in funding earlier this month to expand its solar cell production facility in New Mexico

Entegris has domestic manufacturing facilities in Texas, California, Illinois, Oregon, Connecticut, Minnesota and Massachusetts, according to its 2023 annual report.

The chip supplier has also expanded outside the US. Entegris opened its largest manufacturing plant in Taiwan’s Kaohsiung Science Park in May 2023, as well as a research center in South Korea.

Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleDust for the week of July 1, 2024
Next Article New York Congestion Pricing Plan: Down, But Not Out
Machinery Asia
  • Website

Related Posts

The construction of the border wall raises questions of enforcement after the damage to the cultural site

May 4, 2026

The towers will alter the skyline and mitigate wind impacts

May 4, 2026

Midwest Design Firm of the Year 2026: Clients and Community Drive Treanor Forward

May 4, 2026
Leave A Reply Cancel Reply

  • Facebook
  • Twitter
  • Instagram
  • Pinterest
Don't Miss

The construction of the border wall raises questions of enforcement after the damage to the cultural site

The towers will alter the skyline and mitigate wind impacts

Midwest Design Firm of the Year 2026: Clients and Community Drive Treanor Forward

AECOM Hunt, Turner JV launches $2.4 million Cleveland Browns stadium project

Popular Posts

The construction of the border wall raises questions of enforcement after the damage to the cultural site

May 4, 2026

The towers will alter the skyline and mitigate wind impacts

May 4, 2026

Midwest Design Firm of the Year 2026: Clients and Community Drive Treanor Forward

May 4, 2026

AECOM Hunt, Turner JV launches $2.4 million Cleveland Browns stadium project

May 4, 2026
Heavy Machinery

How to secure a car on a trailer safely step by step

April 30, 2026

Folding car trailer buying guide for small garage and easy storage

April 27, 2026

How does car trailer size affect towing capacity

April 17, 2026

Metal car trailer ramps make loading easier and safer

April 13, 2026

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Type above and press Enter to search. Press Esc to cancel.