Brief: Entegris & Biden Administration Announce Up To $75 Mln In Proposed Direct Funding Under Chips Act To Drive U.S. Semiconductor Manufacturing

Entegris

26/06/2024 10:07

June 26 (Reuters) - Entegris Inc  ENTG.O :
    * ENTEGRIS AND BIDEN ADMINISTRATION ANNOUNCE UP TO $75
MILLION IN
PROPOSED DIRECT FUNDING UNDER CHIPS ACT TO DRIVE U.S.
SEMICONDUCTOR MANUFACTURING
    * EXPECTED TO BEGIN INITIAL COMMERCIAL OPERATIONS IN 2025
    * APPROXIMATELY 500 CONSTRUCTION JOBS ARE ALSO EXPECTED TO
BE
CREATED BY 2030.
    * FACILITY IS EXPECTED TO CREATE APPROXIMATELY 600 NEW JOBS
IN
COLORADO SPRINGS OVER NEXT SEVERAL YEARS,

Source text for Eikon:  ID:nBw7jTZfya 
Further company coverage:  ENTG.O 

 ((Reuters.Briefs@thomsonreuters.com;))