Nuvotronics to Expand Manufacturing Facility
Nuvotronics is set to expand its manufacturing capabilities by adding a 14-inch production line next to its existing 8-inch substrate carrier line in Durham, NC. This expansion anticipates the rising demand in Space, Defense, and Commercial markets, and is projected to create over 150 jobs over the next five years. Supported by a Job Development Investment Grant from North Carolina, the company's recent certification as a trusted foundry positions it favorably within the growing $3.4 billion millimeter wave technology market, forecasted to grow at a CAGR of 26% by 2025.
- Expansion to add a 14-inch production line to enhance manufacturing capacity.
- Projection to create over 150 jobs in the local community over five years.
- Certification as a U.S. Defense Microelectronics Activity trusted foundry.
- Positioning to meet increasing demand in the $3.4 billion millimeter wave technology market.
- None.
DURHAM, N.C.--(BUSINESS WIRE)--Nuvotronics today announced it will expand its manufacturing capacity over the next five years by adding an advanced 14-inch line to its 8-inch substrate carrier line, within its 83,326-square-foot manufacturing facility located adjacent to Research Triangle in Durham, North Carolina. The expansion is supported by current and forecasted customer demand for high-volume production in Space, Defense and Commercial markets. The project is estimated to create more than 150 jobs for the local community during the next five years and as a result, the State of North Carolina entered into a Job Development Investment Grant (JDIG) agreement to provide incentives for the project.
“The expansion of this innovative company signals once again about North Carolina’s resistance during the pandemic,” said North Carolina Governor Roy Cooper. “Our advanced manufacturing and technology workforce will help them meet their goals.”
According to Markets and Markets, the global millimeter wave technology market is estimated to grow from
“This investment communicates to current and future customers our strategic commitment to this innovative technology, which is integral to the evolution of Space and 5G markets,” said Martin Amen, vice president and general manager, Nuvotronics. “We have successfully proven, established and grown our advanced process through multiple research and development efforts here in the U.S. Our products truly revolutionize microelectronics solutions, making us a world leader in electronic packaging, driven by the demand for smaller packages with superior performance.”
The North Carolina Department of Commerce led the state’s efforts to support Nuvotronics’ decision to expand its operations in North Carolina. The company’s new jobs will include engineers, technicians, operators, managers and administrative support staff.
“Innovation brings market-leading companies to North Carolina and supports their success at every stage of growth,” said Commerce Secretary Anthony M. Copeland. “Nuvotronics’ expansion in Durham highlights the assets that facilitate next-generation technologies and solutions, starting with our engaged colleges and universities.”
In addition to the N.C. Department of Commerce and the Economic Development Partnership of North Carolina, other key partners in the project include the North Carolina General Assembly, North Carolina Community College System, Durham County, City of Durham and the Greater Durham Chamber of Commerce.
