An $18 million preliminary CHIPS agreement has been reached between the Federal Government and Edwards Vaccum.
US Senator Chuck Schumer announced last week that Edwards Vaccum and the US Department of Commerce have reached a preliminary memorandum of terms (PMT) for the proposed federal funding. The money is slated to support the company’s plans to construct a $300 million dry pump manufacturing facility to support the semiconductor industry, making it the first of its kind in the country.
“This investment will ensure an essential part of the semiconductor supply chain – that will be surging in demand – is made right here in Genesee County. I am proud to announce my CHIPS & Science Law is investing $18 million in Edwards Vacuum’s expansion in Western New York, creating the first dry pump vacuum manufacturing facility of its kind in America,” said Senator Schumer. “From Micron to GlobalFoundries, all the major semiconductor companies in New York and across America need vacuum technology for their chip fabs, that only Edwards will make in the USA. A historic $300+ million manufacturing facility like this, with over 600 good-paying jobs, was only a dream a few years ago. But I urged Edwards Vacuum to expand in Western NY because I knew this region had the potential to become the beating heart of America’s semiconductor supply chain.”
This marks the third agreement for New York companies from the CHIPS Incentives Program. Micron has already reached a $6.1 billion PMT while Global Foundries has reached a $1.5 billion agreement.
Have all the Finger Lakes news from Finger Lakes News Radio delivered to your email every morning for FREE! Sign up by clicking here
