Menlo Micro announced that it has completed the acquisition of a building in Ithaca, New York, USA, where the company will build its first fab. Menlo Micro added that it will invest $50 million in this MEMS fab (Ideal Fab) in the next three years, creating more than 100 high-tech jobs within five years. The company said that it is possible to obtain additional subsidies from the US government, which is expected to help Menlo Micro further expand its manufacturing base in the United States, continue to invest more than 150 million US dollars, and gradually increase more than 100 jobs.
Work has already begun on the building to make it suitable for cleanroom operation, and manufacturing of its MEMS switches is expected to begin in 2024.
"We believe this fab modernization project is 100 percent in line with the President's directive to bring semiconductor manufacturing back to the United States," Menlo Micro CEO Russ Garcia said in a statement.
Menlo Micro originated in New York, USA. The company was independently operated by General Electric's global research center in Niscayona, New York after ten years of internal research and development. Although Menlo Micro is headquartered in California, the company's R&D center is now located at the Albany NanoTech Complex in Albany, New York.
About Menlo Micro
Menlo Micro is known the world over for reinventing the electronic switch with its Ideal Switch™ technology platform. Menlo Micro, headquartered in Irvine, California, has created a new category of MEMS switches with its Ideal Switch technology platform. So far, Menlo Micro has accumulated more than $225 million in total financing.
Recommended related articles：