Infinera signs potential $93M CHIPS Act funding deal, aiming to boost semiconductor production and create up to 1,700 jobs.

Infinera, a California technology firm, has signed a non-binding agreement with the U.S. Department of Commerce for potential funding of up to $93 million under the CHIPS and Science Act. This, alongside investment tax credits, could exceed $200 million in federal incentives aimed at expanding semiconductor production in California and Pennsylvania. The initiative may create up to 1,700 jobs, enhancing U.S. supply chain and national security.

5 months ago
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