Press release
Entegris Announces Plans to Build New Manufacturing Center of Excellence in Colorado Springs
Expands Entegris’ U.S. Footprint and Support to Strategic Customers in the United States Entegris’ Investment to be Supported by State and Local Incentives
About this update from Entegris, Inc.
[{"type":"text","content":"\nExpands Entegris’ U.S. Footprint and Support to Strategic Customers in the United States\n\nEntegris’ Investment to be Supported by State and Local Incentives and Potential Federal Funding from the CHIPS and Science Act\n\n BILLERICA, Mass.--(BUSINESS WIRE)--\nEntegris, Inc. (Nasdaq: ENTG), a leading supplier of advanced materials and process solutions for the semiconductor and other high-technology industries, today announced plans to build a new manufacturing center of excellence in Colorado Springs. The new facility expands Entegris’ significant presence in Colorado and enhances its ability to meet the needs of its customers as the semiconductor manufacturing industry continues its expansion in the United States.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221220005598/en/Entegris Announces Plans to Build New Manufacturing Center of Excellence in Colorado Springs (Graphic: Entegris)\nThe new facility will initially support production for Entegris’ Microcontamination Control (MC) and Advanced Materials Handling (AMH) divisions, which develop critical products used to manufacture semiconductors. The facility is targeted to begin initial commercial operations in mid-2024. Entegris expects to invest approximately $600 million in the construction of the facility over the next several years, subject to receipt of appropriate approvals and state and local incentives. The new campus will be built in phases, with a 100,000-square-foot facility in its initial phase.\n\n“Our new U.S. manufacturing center of excellence has the potential to create approximately 600 new jobs over several years, doubling Entegris’ presence in Colorado, with the potential to continue to expand over time,” said Bertrand Loy, Entegris’ president and chief executive officer. “As a strategic supplier to the semiconductor industry, we recognize that it is more important than ever to invest in the U.S. to maintain and expand the nation’s technology leadership across the semiconductor ecosystem. This investment is a transformational step towards addressing the industry’s long-term capacity constraints while building additional supply chain efficiency and resiliency.”\n\n“Entegris has benefitted from a 30-year presence in Colorado Springs, and we are excited to continue to expand our operations here...