Infinera Awarded California Competes Grant to Increase Domestic Production of Next-generation Semiconductors
SAN JOSE, Calif., Nov. 21, 2023 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today it has been awarded a California Competes (CalCompetes) grant valued at up to $14 million over five years by the California Governor’s Office of Business and Economic Development (GO-Biz).
- SAN JOSE, Calif., Nov. 21, 2023 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today it has been awarded a California Competes (CalCompetes) grant valued at up to $14 million over five years by the California Governor’s Office of Business and Economic Development (GO-Biz).
- This is a first step to expand and modernize Infinera’s U.S.-based domestic production of next-generation semiconductors and continue to support innovation and economic development in the United States in future years.
- Fostering the domestic production of these critical and emerging technologies helps increase America’s economic and national security in semiconductor innovation, manufacturing, and supply chain resilience.
- “We are grateful and honored to receive this grant award, which represents an important step in helping to boost America’s domestic production of semiconductor technologies,” said David Heard, Chief Executive Officer, Infinera.