Press Releases

MACOM Signs Preliminary Memorandum of Terms for Up to $70 Million in CHIPS and Science Act Funding

Proposed investment would support the expansion and modernization of MACOM’s Lowell, Massachusetts and Durham, North Carolina facilities

WASHINGTON, DC – Today, Congresswoman Lori Trahan (MA-03) applauded the U.S. Department of Commerce’s signing of a preliminary memorandum of terms with MACOM Technology Solutions Inc. (MACOM) to provide up to $70 million in funding from the CHIPS and Science Act to support the expansion and modernization of MACOM’s facilities in Lowell, Massachusetts and Durham, North Carolina. The project would create up to 350 manufacturing jobs and up to an additional 60 construction jobs across both states.

“I’m proud to help secure this historic federal investment through the CHIPS and Science Act to expand and modernize MACOM’s Lowell Headquarters,” said Congresswoman Trahan. “This funding will boost MACOM’s work to create good-paying jobs focused on researching, developing, and manufacturing the specialized semiconductors that keep us connected and are essential to defending our national security.”

“Today’s announcement with MACOM is another example of how CHIPS for America is making targeted and strategic proposed investments across the semiconductor industry,” said U.S. Secretary of Commerce Gina Raimondo. “As a result of the bipartisan CHIPS and Science Act, we are strengthening U.S. supply chain security and advancing our technological leadership of the 21st century.”

“We appreciate all of the support we received from our Federal representatives, as well as Local and State leadership,” said MACOM President and Chief Executive Officer Stephen G. Daly. “We expect to increase MACOM’s manufacturing production capabilities on critical semiconductor technologies used for National Security. We look forward to finalizing these plans and to generating additional employment opportunities in the great City of Lowell.”

Headquartered in Lowell, Massachusetts, MACOM is a developer and manufacturer of a wide range of semiconductor components for the commercial and defense sectors and supplies industrial, defense, datacenter, and telecommunication customers. The company has been heralded as a model U.S. producer of highly advanced semiconductor products key to reducing dependence on materials and products sourced from foreign nations. The dependence on a foreign supply chain of semiconductors was a key inflationary pressure that drove up prices for consumers during and following the COVID-19 pandemic.

The proposed investment announced today was made possible by the CHIPS and Science Act, which Congresswoman Trahan supported passage of in July 2022 to target root causes of inflation, create good-paying jobs, and strengthen national security. Earlier this year, Trahan wrote to the U.S. Department of Commerce in support of MACOM’s application for this award.

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