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Federal government invests $139M in Pennsylvania semiconductor manufacturing

The federal government has announced a significant investment of $139 million to bolster semiconductor manufacturing in Pennsylvania, as part of a broader initiative to enhance domestic production capabilities. This funding, facilitated through the CHIPS and Science Act, aims to support the expansion of onsemi's operations in the Lehigh Valley, focusing on the production of silicon carbide semiconductors. These semiconductors are crucial for electric vehicles, renewable energy systems, and other high-efficiency applications. The investment is expected to create 270 new jobs, retain 200 existing positions, and significantly increase the production capacity of onsemi, thereby strengthening the U.S. supply chain for critical technologies and reducing reliance on foreign manufacturing. This move not only supports economic growth but also aligns with national security interests by fostering a robust domestic semiconductor industry.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/technology/federal-government-invests-139m-in-pennsylvania-semiconductor-manufacturing/ar-AA1xoQ5z ]