Nuvotronics to Expand Manufacturing Facility
31 October 2020 - 3:42AM
Business Wire
Nuvotronics today announced it will expand its manufacturing
capacity over the next five years by adding an advanced 14-inch
line to its 8-inch substrate carrier line, within its
83,326-square-foot manufacturing facility located adjacent to
Research Triangle in Durham, North Carolina. The expansion is
supported by current and forecasted customer demand for high-volume
production in Space, Defense and Commercial markets. The project is
estimated to create more than 150 jobs for the local community
during the next five years and as a result, the State of North
Carolina entered into a Job Development Investment Grant (JDIG)
agreement to provide incentives for the project.
“The expansion of this innovative company signals once again
about North Carolina’s resistance during the pandemic,” said North
Carolina Governor Roy Cooper. “Our advanced manufacturing and
technology workforce will help them meet their goals.”
According to Markets and Markets, the global millimeter wave
technology market is estimated to grow from $1 billion in 2020 to
$3.4 billion by 2025, at a CAGR of 26 percent. This is attributed
to the global deployment of 5G infrastructure and Low Earth Orbit
(LEO) satellite constellations. The expected market growth,
alongside Nuvotronics’ recent certification as a U.S. Defense
Microelectronics Activity (DMEA) trusted foundry, positions the
company as a U.S.-trusted manufacturer with the capacity to meet
high-volume production demands.
“This investment communicates to current and future customers
our strategic commitment to this innovative technology, which is
integral to the evolution of Space and 5G markets,” said Martin
Amen, vice president and general manager, Nuvotronics. “We have
successfully proven, established and grown our advanced process
through multiple research and development efforts here in the U.S.
Our products truly revolutionize microelectronics solutions, making
us a world leader in electronic packaging, driven by the demand for
smaller packages with superior performance.”
The North Carolina Department of Commerce led the state’s
efforts to support Nuvotronics’ decision to expand its operations
in North Carolina. The company’s new jobs will include engineers,
technicians, operators, managers and administrative support
staff.
“Innovation brings market-leading companies to North Carolina
and supports their success at every stage of growth,” said Commerce
Secretary Anthony M. Copeland. “Nuvotronics’ expansion in Durham
highlights the assets that facilitate next-generation technologies
and solutions, starting with our engaged colleges and
universities.”
In addition to the N.C. Department of Commerce and the Economic
Development Partnership of North Carolina, other key partners in
the project include the North Carolina General Assembly, North
Carolina Community College System, Durham County, City of Durham
and the Greater Durham Chamber of Commerce.
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version on businesswire.com: https://www.businesswire.com/news/home/20201030005608/en/
Crystal Nguyen Corporate Communications Cubic Corporation PH:
858-505-2593 Crystal.Nguyen@cubic.com
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