Menlo Micro to invest $50M+ in microelectronics fab in Lansing, New York

Menlo Microsystems will invest over $50 million to retrofit a microelectronics manufacturing fabrication facility in Lansing, Tompkins County, New York, creating over 100 jobs. The facility will be the company's first domestic microelectronics fab.

“Today's announcement represents the first step toward significantly increasing the domestic production capacity of our Ideal Switch to help secure critical infrastructure and further strengthen America's technology leadership.”menlomicro.com

• 2 sources
• menlomicro.comMenlo Microsystems Announces Deal to Manufacture the Ideal Switch® in Upstate New York, Commits to Multi-Year Investment of $150 Million to Fully Onshore ProductionJul 11, 2023
• governor.ny.govGovernor Hochul and Senate Majority Leader Schumer Announce Menlo Microsystems Will Invest $50+ Million to Retrofit a Microelectronics Manufacturing Fab in Tompkins County, Bringing 100+ New Good-paying Jobs to Upstate New York | Governor Kathy Hochul | New York StateJul 11, 2023

Summarized from public sources; check the original articles before acting on it.