ASML Planning Expansion of US Chip Facility
Dutch semiconductor equipment manufacturer ASML is planning a $200 million expansion of its Connecticut chip facility, the Commerce Department said this week. The site is already the company’s largest American research, development and manufacturing facility, and the expansion is expected…
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to help the company meet “projected demand in the years ahead,” ASML CEO Peter Wennink said. The announcement comes as Congress looks to pass the Bipartisan Innovation Act, which would include incentives and funding for the semiconductor industry.