- SkyWater Technology ( NASDAQ: SKYT ) to build a $1.8B U.S. semiconductor R&D and production facility in Indiana through a public-private partnership with the state and Purdue University to pursue CHIPS (Creating Helpful Incentives to Produce Semiconductors) for America Act funding.
- The facility will accelerate domestic semiconductor capabilities, ensure IP security and support a more resilient and comprehensive supply chain, providing powerful competitive advantages for its U.S. government and commercial customers.
- According to U.S. Senator Todd Young of Indiana, “For months, state leaders including Governor Holcomb, Secretary Chambers, President Daniels, and private enterprise have partnered to create a semiconductor corridor here in the Heartland. Today’s announcement is a direct result of those efforts. In Washington, we are on the verge of passing a major investment in next generation technologies that is vital for the success of this and future projects, and that will ensure Indiana remains at the center of our high-tech national security economy.”
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SkyWater alongside State of Indiana and Purdue University will build $1.8B semiconductor manufacturing facility