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.

October 17, 2024
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