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Enablence Technologies Inc. Responds to US Senate Passing Bill to Boost Semiconductor Production
House of Representatives Passes Long-Awaited US$52 Billion Bill Fremont, California and Ottaw...
About this update from Enablence Technologies Inc.
[{"type":"text","content":"Enablence Technologies Inc. Responds to US Senate Passing Bill to Boost Semiconductor ProductionHouse of Representatives Passes Long-Awaited US$52 Billion BillFremont, California and Ottawa, Ontario--(Newsfile Corp. - July 29, 2022) -  Enablence Technologies Inc. (TSXV: ENA) (\"Enablence\" or the \"Company\"), a supplier of optical components and subsystems, is pleased to respond to and applaud the US government for passing a long-awaited bill aimed at boosting US semiconductor production in a bid to increase American competitiveness, a bipartisan achievement that will send tens of billions of dollars into American manufacturing and scientific research. The US$52 billion bill passed the House on July 28, 2022 with broad bipartisan support, which will be followed by it going to President Biden to be signed into law.The CHIPS and Science Act is aimed at increasing domestic semiconductor manufacturing, making the US less reliant on other countries such as China for semiconductors, therefore boosting US national security and technological innovation, while creating jobs.\"We recognize the US government's sense of urgency and leadership in passing this bill to ensure leading edge companies, such as Enablence, that are at the forefront of and critical to the semiconductor sector in a variety of strategic verticals have the appropriate funding and government support in place to maintain leadership and render the US self-sufficient,\" said Todd Haugen, CEO of Enablence Technologies Inc. \"We are seeing demand accelerate for our products in mission critical applications and welcome the opportunity to work with our government representatives to access funding for growth through this bill and creating value for all of our constituents and stakeholders.\"About Enablence Technologies Inc.Enablence is a publicly traded company listed on the TSX Venture Exchange (TSXV: ENA) that designs, manufactures and sells optical components, primarily in the form of planar lightwave circuits (PLC), on silicon-based chips. Enablence products serve a global customer base, primarily focused today on data center and other rapidly-growing end markets. Enablence also works with customers that have emerging market uses for its technology, including medical devices, automotive LiDAR and virtual and augmented reality headsets. In select strategic circumstance...