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U.S. Senate Majority Leader Charles E. Schumer to Speak Today at Akoustis Technologies’ Semiconductor Wafer Fab in Upstate New York
– Senator Schumer’s Recently Introduced U.S. Innovation and Competition Act Would Provide $52 Billion in Funding to Implement Semiconductor-Related
About this update from Aktis Oncology, Inc.
[{"type":"text","content":"– Senator Schumer’s Recently Introduced U.S. Innovation and Competition Act Would Provide $52 Billion in Funding to Implement Semiconductor-Related Manufacturing and R&D Programs – Charlotte, N.C., June 02, 2021 (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or the “Company”), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW) high-band RF filters for mobile and other wireless applications, announced today that U.S. Senate Majority Leader Charles Schumer is scheduled to visit and give a speech today at Akoustis Technologies’ 120,000 square foot semiconductor manufacturing fab located in Canandaigua, New York. Senator Schumer recently introduced landmark bipartisan legislation, the U.S. Innovation and Competition Act, which combines the Endless Frontiers Act and other bipartisan competitiveness bills. The legislation would provide $52 billion in funding to implement semiconductor-related manufacturing and R&D programs in the United States, including Upstate New York. The Senator’s vison is to make New York a global hub for semiconductor manufacturing. Jeff Shealy, founder and CEO of Akoustis, stated, “I would like to thank Senator Chuck Schumer for his visionary leadership, his support of the US semiconductor industry, and his unwavering push to strengthen American leadership in chip manufacturing.” Mr. Shealy continued, “With many countries investing in their own semiconductor industries, it is imperative that the U.S. creates an environment that supports on-shore chip manufacturing. With its bipartisan support, the U.S. Innovation and Competition Act will provide the funding needed to help keep American semiconductor chip manufacturing competitive.” Akoustis began manufacturing silicon chips in Canandaigua, NY four years ago. Since acquiring its fab, Akoustis has invested tens of millions of dollars to modernize its manufacturing capability and has announced that it will achieve 24/7 operation by the end of calendar 2021 to reduce manufacturing cycle time. Akoustis is currently ramping commercial production and is investing to achieve annual production capacity of approximately 500 million units by the end of calendar 2021. Akoustis currently has 15 commercial XBAW filters in its product catalog, and recently introduced 5.6 GHz and 6.6 GHz WiFi 6E coexistence filter modules,...