Sat, December 14, 2024
Fri, December 13, 2024
[ Fri, Dec 13th 2024 ]: The Scientist
2024 Top 10 Innovations

Tech company secures $225 million for Northern California chip plant, generating 700 jobs

A tech company has secured a $225 million investment to establish a new semiconductor manufacturing facility in Northern California, which is expected to create approximately 700 jobs. This investment underscores the growing emphasis on domestic semiconductor production, driven by recent legislative incentives like the CHIPS and Science Act. The facility aims to bolster the U.S. supply chain for chips, crucial for various industries including automotive, electronics, and defense. The project not only promises economic growth through job creation but also aims to enhance national security by reducing reliance on foreign semiconductor supplies.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/technology/tech-company-secures-225-million-for-northern-california-chip-plant-generating-700-jobs/ar-AA1vNtED ]