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Reuters
SkyWater unveils plans to build $1.8 billion chip facility in Indiana
U.S. semiconductor manufacturer SkyWater Technology Inc on Wednesday announced plans to invest $1.8 billion for a chip research and production facility in Indiana, in partnership with the state and Purdue University. The announcement comes a day after the U.S. Senate voted to move ahead with a slimmed-down version of a legislation, known as the CHIPS Act, to give billions of dollars in subsidies and tax credits for the semiconductor industry. “This endeavor to bolster our chip fabrication facilities will rely on funding from the CHIPS Act,” said Thomas Sonderman, chief executive of Bloomington, Minnesota-based SkyWater.
