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IQE to add 109 jobs and invest $305m expanding US operation in Greensboro
What happened
Epiwafer and substrate manufacturer IQE plc announced a $305 million investment to expand its manufacturing facility in Greensboro, North Carolina, planning to add 109 jobs. The expansion is contingent on customer commitments and funding from the US CHIPS and Science Act. Bearish: This planned capacity increase for key semiconductor materials could ease long-term supply constraints, potentially putting downward pressure on future prices.
Impact and signal
Medium impactImpact score: 58/100
Affected components and suppliers
EpiwafersCompound Semiconductor Substrates
IQE plc
capacity-expansionCHIPS-Actsubstrates
Source and time
Source: Semiconductor Today · 11/5/2024 · View original source
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