Corning invests $315M to upgrade semiconductor glass manufacturing facility in New York
Corning Incorporated has announced plans to upgrade its facility in Canton, New York. The company, which specializes in glass and ceramics, will invest $315 million into the project, creating 130 new jobs in the process. The investment will be used to increase production of Corning’s High Purity Fused Silica (HPFS) and EXTREME Ultra Low Expansion (ULE) glass, and scale a novel technology manufacturing process at the site. According to the company, the project will help to create a reliable domestic supply of vital semiconductor manufacturing components and help advance U.S. technology leadership in the lithography supply chain. To help support the project, Empire State Development will provide Corning with up to $7 million in performance-based Excelsior Jobs Program tax credits.
What people are saying
In a recent quote, Corning Incorporated Chairman and CEO Wendell Weeks said, "This strategic investment will enable our Canton, N.Y. facility's continued growth and the expansion of next-generation manufacturing capabilities necessary for producing critical materials for lithography tools that create the world’s most advanced microchips. We are proud to do our part to advance semiconductor manufacturing and job creation in New York, and we are grateful for Governor Hochul’s enduring support and strong commitment to investing in advanced manufacturing in the state."
Governor Kathy Hochul added, “Corning has been an important part of the fabric of New York State manufacturing for more than 170 years and is leader in specialty glass and ceramics. Because of innovative companies like Corning, along with the investments New York has made in this industry we will continue to lead the nation in growing semiconductor manufacturing and R&D. New York State has the talent, infrastructure and innovation to continue on this trajectory and we will continue to build this critical industry, create jobs and boost economic growth.”
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