Tuesday, 5 November 2024
Home Entegris and Biden Administration Announce up to $75 Million in Proposed Direct Funding Under CHIPS Act to Drive U.S. Semiconductor Manufacturing

The following content is a news release distributed by . The original news release may be found here.

Entegris and Biden Administration Announce up to $75 Million in Proposed Direct Funding Under CHIPS Act to Drive U.S. Semiconductor Manufacturing

BILLERICA, Mass.--(BUSINESS WIRE)--Entegris (Nasdaq: ENTG), a global leader in advanced materials science, and the U.S. Department of Commerce have signed a non-binding Preliminary Memorandum of Terms (PMT) for up to $75 million in proposed direct funding to Entegris under the CHIPS and Science Act. This funding would support the development of a state-of-the-art facility in Colorado Springs designed to create products critical to the future of semiconductor manufacturing in the U.S. Entegris i...

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