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Commerce Department To Provide $70 Million To MACOM To Support Chips For Defense, Telecom

Cal Biesecker By
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Commerce Department To Provide $70 Million To MACOM To Support Chips For Defense, Telecom
Semiconductor wafer. Image: MACOM

The Commerce Department on Tuesday signed non-binding preliminary deal terms with U.S. semiconductor designer and manufacturer MACOM Technology Solutions to provide up to $70 million in direct funding to expand two company facilities that support the defense, telecommunications, industrial, and datacenter industries. Combined with federal tax credits and incentives from the State of Massachusetts, MACOM said the preliminary terms propose up to $180 million for the company. MACOM said it will provide another $165 million from its operating cash flow…

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