Infinera granted $14m to Increase domestic semiconductor production
Infinera has been granted $14m to Increase domestic semiconductor production
Infinera has been awarded a California Competes (CalCompetes) grant valued at up to $14m over five years by the California Governor’s Office of Business and Economic Development (GO-Biz).
What is the CalCompetes Grant Program?
The CalCompetes Grant Program is one of California’s main incentive programs to leverage tens of billions of dollars of federal funds available under the Creating Helpful Incentives to Produce Semiconductors (CHIPS) Act. The CHIPS Act is designed to encourage growth and expansion of semiconductor manufacturing and research and development in the United States.
The grant will enable Infinera to build upon its 20+ year history in the United States and further drive innovation in indium phosphide-based compound semiconductor and monolithic photonic integrated circuit (PIC) technologies.
David Heard, Chief Executive Officer at Infinera says: “We are grateful and honoured to receive this grant award, which represents an important step in helping to boost America’s domestic production of semiconductor technologies. Since our founding, we chose to keep our optical compound semiconductor fab and advanced packaging operations in the United States. We remain committed to leveraging our unique expertise, talent, and capabilities to support the goals of U.S. federal and state initiatives focused on economic development and national security.”