Macom signs preliminaries for CHIPS Act funding
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Macom Technology has signed a preliminary memorandum of terms with the US federal government for funding under the CHIPS for America program.
The proposed funding will include support for a project to expand and modernise Macom’s Lowell manufacturing facility and semiconductor wafer foundry with new clean rooms, equipment, wafer fabrication stations, chip-level packaging, and test capacity. See previous story.
The new project is estimated to add up to 150 new jobs, two-thirds of which are expected to be skilled positions. The expansion will require the addition of technicians, engineers, program managers, sales and maintenance positions that will be filled through partnerships with local educational institutions, including UMass Lowell and UMass Amherst.
In addition to the announced federal funding terms announced, the $172 million project will be supported by an expected $15.7 million from the Massachusetts Technology Collaborative (MassTech) as well as other federal tax incentives and private investment from Macom. These incentives are contingent upon Macom finalising the federal funding