Infinera Awarded California Competes Grant to Increase Domestic Production of Next-generation Semiconductors
21 Novembro 2023 - 10:00AM
Infinera (Nasdaq: INFN) announced today it has been awarded a
California Competes (CalCompetes) grant valued at up to $14 million
over five years by the California Governor’s Office of Business and
Economic Development (GO-Biz). This is a first step to expand and
modernize Infinera’s U.S.-based domestic production of
next-generation semiconductors and continue to support innovation
and economic development in the United States in future years.
The CalCompetes grant will enable Infinera, a domestic optical
compound semiconductor manufacturer with in-house fab operations
and advanced test and packaging capabilities in multiple states, to
build upon its 20+ year history in the United States and continue
to drive innovation in indium phosphide-based compound
semiconductor and monolithic photonic integrated circuit (PIC)
technologies. Fostering the domestic production of these critical
and emerging technologies helps increase America’s economic and
national security in semiconductor innovation, manufacturing, and
supply chain resilience.
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.
“We are grateful and honored to receive this grant award, which
represents an important step in helping to boost America’s domestic
production of semiconductor technologies,” said David Heard, Chief
Executive Officer, Infinera. “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.”
Contacts:
Media:Anna VueTel. +1 (916)
595-8157avue@infinera.com
Investors:Amitabh Passi, Head of Investor RelationsTel. +1 (669)
295-1489apassi@infinera.com
About InfineraInfinera is a global supplier of
innovative open optical networking solutions and advanced optical
semiconductors that enable carriers, cloud operators, governments,
and enterprises to scale network bandwidth, accelerate service
innovation, and automate network operations. Infinera solutions
deliver industry-leading economics and performance in long-haul,
submarine, data center interconnect, and metro transport
applications. To learn more about Infinera, visit www.infinera.com,
follow us on X and LinkedIn, and subscribe for updates.
Infinera and the Infinera logo are registered trademarks of
Infinera Corporation.
This press release contains forward-looking statements,
including but not limited to Infinera’s ability to continue to
drive innovation in indium phosphide-based compound semiconductor
and monolithic PIC technologies in support of U.S. economic
development and national security. These statements are not
guarantees of results and should not be considered as an indication
of future activity or future performance. Actual results may vary
materially from these expectations as a result of various risks and
uncertainties. Information about these risks and uncertainties, and
other risks and uncertainties that affect Infinera’s business, is
contained in the risk factors section and other sections of
Infinera’s Quarterly Report on Form 10-Q for the Fiscal Quarter
ended July 1, 2023 as filed with the SEC on August 9, 2023, as well
as any subsequent reports filed with or furnished to the SEC. These
reports are available on Infinera’s website at www.infinera.com and
the SEC’s website at www.sec.gov. Forward-looking statements
include statements regarding our expectations, beliefs, intentions,
or strategies and can be identified by words such as “anticipate,”
“believe,” “could,” “estimate,” “expect,” “intend,” “may,”
“should,” “will,” and “would” or similar words. Infinera assumes no
obligation to, and does not currently intend to, update any such
forward-looking statements.
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