Entegris Announces $700 Million Investment in US, Technology Center in Illinois

Entegris plans to invest $700 million in the US, expanding its R&D spending to $1.4 billion. The investment will be used to develop a state-of-the-art US Technology Center in Aurora, Illinois, and support advanced semiconductor manufacturing. The move complements a previous commitment of $700 million for a manufacturing center of excellence in Colorado Springs, CO.

Entegris, Inc. (Nasdaq: ENTG), a leading supplier of advanced materials and process solutions for the semiconductor and high-tech industries, has announced a significant investment in the United States. The company plans to allocate $700 million over the next several years to expand its research and development (R&D) spending to $1.4 billion [1].

The investment will be directed towards developing a state-of-the-art U.S. Technology Center in Aurora, Illinois. Strategically located between semiconductor hubs in New York, Ohio, Arizona, and Texas, the Aurora facility will serve as a cornerstone for Entegris' solutions-selling strategy. The center aims to maximize product performance and minimize time to market, covering the company's complete suite of solutions, including deposition materials, slurries, cleans, and CMP pads [1].

This new investment complements Entegris' previous commitment of $700 million to develop a state-of-the-art manufacturing center of excellence in Colorado Springs, Colorado. The move underscores the company's commitment to supporting advanced semiconductor manufacturing and driving technology leadership [1].

Entegris President and CEO Dave Reeder stated, "To support the industry’s growth, we have been creating a stronger and more resilient domestic semiconductor ecosystem in the U.S. These investments also allow for continued leadership in advanced materials solutions" [1].

As the semiconductor industry expands in the U.S., the demand for new domestic capacity and additional collaboration on innovation is expected to grow. This investment by Entegris is poised to create new opportunities for semiconductor materials suppliers to meet current and future needs [1].

References:
[1] https://www.stocktitan.net/news/ENTG/entegris-announces-plans-for-700-million-investment-in-the-united-6ajn3w8l4zzh.html
[2] https://www.marketscreener.com/news/entegris-announces-plans-for-700-million-investment-in-the-united-states-technology-center-in-illi-ce7c50dad98ef126