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CHIPS Money Finalized for Corning in Canton

Federal money agreed to in Washington for Corning is now a legal agreement. In November it was announced the Canton facility would receive $32 million from the Biden-Harris Administration, part of the administration's CHIPS and Science Act that President Biden signed two years ago to improve semiconductor manufacturing in the country.
The article from MSN Money discusses the finalization of a significant investment in Corning Inc.'s new manufacturing facility in Canton, New York. This investment, part of the CHIPS and Science Act, aims to bolster domestic production of semiconductor materials. Corning, known for its glass and ceramics technologies, will use the funds to expand its capacity for producing specialized glass used in semiconductors, thereby supporting the U.S. in reducing its reliance on foreign suppliers for critical technology components. The project is expected to create jobs, stimulate local economy, and enhance national security by strengthening the supply chain for high-tech industries.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/technology/chips-money-finalized-for-corning-in-canton/ar-AA1xkalv ]