CHIPS Act funding will create more jobs in Durham after MACOM …

Why it matters: The grant will go to the Massachusetts-based semiconductor firm MACOM, which plans to expand its facility in Durham and hire across its locations here and in Lowell, Mass. …

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Semiconductor Firm To Grow Triangle Operations With New CHIPS …

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1 day ago · MACOM also expects to take advantage of a 25% investment tax credit, created under the CHIPS Act, to fund its expansion. The company’s new project comes 18 months …

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Macom Awarded $70M In CHIPS Funding - Yahoo Finance

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1 day ago · The Department of Commerce will provide up to $70 million to chipmaker Macom under the CHIPS and Science Act to expand its facilities in Lowell, Massachusetts, and …

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MACOM Signs Preliminary Memorandum Of Terms For Up To $70 …

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2 days ago · WASHINGTON, DC – Today, Congresswoman Lori Trahan (MA-03) applauded the U.S. Department of Commerce’s signing of a preliminary memorandum of terms with MACOM …

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MACOM Receives $70M Funding For Semiconductor Expansion

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1 day ago · The U.S. Department of Commerce signed a non-binding preliminary memorandum of terms (PMT) with MACOM Technology Solutions Inc. to provide up to $70 million in proposed …

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MACOM Unveils Five-year, $345m Plan To Expand 100mm GaN And …

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2 days ago · News: Microelectronics 14 January 2025. MACOM unveils five-year, $345m plan to expand 100mm GaN and GaAs production and introduce 150mm GaN. MACOM Technology …

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U.S. Department Of Commerce Announces Preliminary Terms With …

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2 days ago · Today, the U.S. Department of Commerce signed a non-binding preliminary memorandum of terms (PMT) with MACOM Technology Solutions Inc. to provide up to $70 …

semiconductor-digest.com

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U.S. Department Of Commerce Announces Preliminary Terms With …

2 weeks from now

1 day ago · The U.S. Department of Commerce signed a non-binding preliminary memorandum of terms (PMT) with MACOM Technology Solutions Inc. (“MACOM”) to provide up to $70 million …

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FAQs about CHIPS Act funding will create more jobs in Durham after MACOM … Coupon?

Will a $70 million chips and Science Act grant help Durham & Lowell?

Days before the Biden administration 's term ends, the U.S. Commerce Department approved a $70 million CHIPS and Science Act grant that will again benefit the Triangle region. Driving the news: The U.S. Commerce Department said the investment would create 350 jobs across Durham and Lowell. ...

Why does the Macom grant matter?

Why it matters: The grant will go to the Massachusetts-based semiconductor firm MACOM, which plans to expand its facility in Durham and hire across its locations here and in Lowell, Mass. Driving the news: The U.S. Commerce Department said the investment would create 350... ...

Does MACOM have a 'chips Act'?

Macom also plans to claim the Department of Treasury’s Advanced Manufacturing Investment Credit, worth up to 25 percent of qualified capital expenditures. The CHIPS Act has awarded more than $33 billion of the more than $46 billion in proposed incentives funding allocated to date. ...

How does MACOM pay for its expansion?

Macom plans to offset half the expansion costs through a combination of CHIPS funding, federal investment tax credits and direct state funding, including $15.7 million from the Massachusetts Technology Collaborative. For building out its workforce, Macom plans to expand training, internships and collaborations with universities. ...

What is MACOM doing in Massachusetts?

For its Massachusetts facility, Macom plans to expand its cleanrooms, perform infrastructure upgrades, modernize its current 100-mm production lines and add a 150mm GaN-on-silicon manufacturing capability for advanced node applications. ...

How will MACOM's funding affect the semiconductor industry?

The funding will increase Macom’s production of critical compound semiconductors, such as 100-millimeter gallium nitride and gallium arsenide, which are critical for defense and commercial systems. The money would also introduce production of 150mm GaN, according to the DOC release. ...