Entegris, Inc. (Nasdaq: ENTG) announces its plans to build a new manufacturing CoE in Colorado Springs. To be built in phases with an initial phase of a 100,000-square-feet facility, the new facility is expected to begin initial commercial operations in mid-2024. It will enable Entegris’ ability to meet the growing needs of the semiconductor manufacturing industry as it continues to expand in the US.
The supplier of advanced materials and process solutions for the semiconductor and other high-technology industries, Entegris’ new facility will initially support Microcontamination Control (MC) and Advanced Materials Handling (AMH) divisions production. These units develop critical products used to manufacture semiconductors.
The new facility will be built with an investment of $600 million over the next several years, subject to receipt of appropriate approvals and state and local incentives.
“Our new U.S. manufacturing center of excellence has the potential to create approximately 600 new jobs over several years, doubling Entegris’ presence in Colorado, with the potential to continue to expand over time,” said Bertrand Loy, Entegris’ president and chief executive officer. “As a strategic supplier to the semiconductor industry, we recognize that it is more important than ever to invest in the U.S. to maintain and expand the nation’s technology leadership across the semiconductor ecosystem. This investment is a transformational step towards addressing the industry’s long-term capacity constraints while building additional supply chain efficiency and resiliency.”
“Entegris has benefitted from a 30-year presence in Colorado Springs, and we are excited to continue to expand our operations here and support the growth of the semiconductor manufacturing ecosystem in the U.S.,” said Bill Shaner, president, Advanced Materials Handling. “Having grown up in Colorado and worked alongside our colleagues in this great state for 27 years, I look forward to deepening Entegris’ connections and building on our strong relationships in Colorado Springs and statewide.”
Entegris chose the Colorado Springs site after an extensive selection process. Key strategic advantages for the location include proximity to customers and an existing Entegris site, supply chain resources to optimize supply lines, strong existing partnerships with the state and local government, the area’s talented workforce, and a business-friendly environment. The recent CHIPS and Science Act of 2022 also influenced Entegris’ decision to build the site in the United States.
“Our administration has worked to expand Colorado’s technology and advanced manufacturing industries and to create an economy where we foster innovation. We are thrilled Entegris has chosen Colorado Springs for their expansion which will create up to 600 new jobs. Colorado Springs is a great place to live, work and do business, and our state is excited to welcome companies that share our values of community and workforce development and sustainability,” said Jared Polis, Governor of Colorado.
“We passed the CHIPS and Science Bill to bring semiconductor manufacturing jobs back to America. Thanks to Entegris, Colorado is part of that comeback. This is great news for our tech race with China, the state, and our national security,” said U.S. Senator for Colorado John Hickenlooper.
“The past few years have underscored the importance of dependable and secure supply chains based here in America. Thanks to the CHIPS and Science Act and investments to level the playing field for America’s semiconductor industry, we are starting to see more companies, like Entegris, bring this critical industry back home. I welcome this announcement, which will bring good-paying jobs to Colorado, support our technological leadership around the globe, and strengthen our national security,” said U.S. Senator for Colorado Michael Bennet.
“We were happy to lead this effort with our numerous partners to show we were the right choice for this substantial investment. Entegris’ new U.S. manufacturing center of excellence will bolster their supply chain optimization while diversifying our economy and creating great jobs for the talented workforce in our region,” said Johnna Reeder Kleymeyer, president & CEO, Colorado Springs Chamber of Commerce and Economic Development Corporation.
The world-class manufacturing facility will include advanced environmental sustainability features in line with Entegris’ longstanding commitment to incorporate sustainability and resource stewardship into all aspects of its business practices. The new facility will also be constructed and operated in alignment with the four pillars of Entegris’ Corporate Social Responsibility framework: Innovation, Safety, Personal Development and Inclusion, and Sustainability.
Entegris’ investment will be supported by state and local incentives. The project is planned to occur over multiple phases with the initial phase consisting of an approximately $200 million investment to cover the land purchase and building and equipment costs. Entegris’ investment and the incentives awarded from the Colorado Office of Economic Development and International Trade are subject to regulatory approval. Entegris will evaluate potential opportunities to further expand the project based on additional sources of funding, including potential federal funding from the implementation of the CHIPS and Science Act.
