Chip manufacturer Entegris to receive up to $75 mln funding from US

Entegris

26/06/2024 10:04

June 26 (Reuters) - Chip manufacturer Entegris  ENTG.O 
said on Wednesday that it has signed a binding preliminary
memorandum of terms with the Biden administration for funding of
up to $75 million that would aid the development of a new
facility in Colorado Springs, Colorado.
    The proposed investment would create over 1,100 direct jobs
in Colorado Springs, the U.S. Department of Commerce said in a
separate statement.    
    

 (Reporting by Kanjyik Ghosh; Editing by Sonia Cheema)
 ((Kanjyik.Ghosh@thomsonreuters.com;))