U.S. Based Manufacturing Capability Will
Strengthen Entegris’ Position as Innovation Leader and Trusted
Global Supplier
Entegris, Inc. (NASDAQ: ENTG), a leading supplier of advanced
materials and process solutions for the semiconductor and other
high-technology industries, today held a groundbreaking ceremony
for its new manufacturing center of excellence in Colorado Springs,
Colorado.
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Entegris to construct new manufacturing
center of excellence in Colorado Springs, Colorado (Photo:
Entegris)
At the ceremony, Entegris President and Chief Executive Officer
Bertrand Loy noted that the state-of-the-art facility in Colorado
Springs will develop products critical to the manufacturing of
semiconductors in the United States and around the world. The new
leading-edge manufacturing center will serve the semiconductor
industry, which is expected to grow to $1 trillion by 2030.
Entegris’ commitment to innovation and investment in leading-edge
manufacturing and supply chain operations will strongly position
Entegris – and its customers – for success, and further bolster
Colorado’s and the U.S.’s position as a technology, manufacturing,
and innovation leader across the semiconductor ecosystem.
The new campus, which is targeted to begin initial commercial
operation in early 2025, will be built in phases. The
100,000-square-foot facility to be built in the initial phase will
support production for Entegris’ Microcontamination Control (MC)
and Advanced Materials Handling (AMH) divisions. Upon completion,
the facility will increase production capabilities for Entegris’
most advanced products for filtration and purification as well as
wafer carriers, also known as Front-Opening-Unified Pods (FOUPs).
The center of excellence will play an important role in the
Colorado Springs community and has the potential to create
approximately 600 new jobs over several years. Entegris continues
to expect to invest approximately $600 million in phases over
several years in the facility and is looking forward to working
with the city, county, and state to integrate the site and
surrounding land into the community in a way that preserves the
natural beauty of Colorado Springs.
“The start of construction of our new world-class facility in
Colorado Springs represents an important milestone for Entegris,”
Loy said. “The semiconductor manufacturing industry is set to
expand in the United States following the passage of the CHIPS and
Science Act, and Entegris’ manufacturing center of excellence will
enable our organization to play a meaningful role in this important
effort. With our large state-of-the-art facility, we will help
shorten the supply chain and more efficiently meet the growing
needs of domestic manufacturers. We are pleased to have found an
innovative and competitive home in Colorado Springs, and we look
forward to building on our 30-year history in the region while
enhancing our leadership position in the semiconductor
ecosystem.”
According to Bill Shaner, president, Advanced Materials
Handling, “As we break ground on our new manufacturing center of
excellence, we are thrilled to double our presence in Colorado and
meaningfully expand our manufacturing footprint in the U.S. We look
forward to developing critical products for the future, bringing
new jobs to Colorado and supporting U.S. advanced manufacturing. We
are grateful to the Colorado Springs community, our dedicated
employees and local, state, and federal officials whose sustained
government support will help fuel Entegris’ future innovation.”
Among the community leaders attending the groundbreaking were
Johnna Reeder Kleymeyer, president & CEO, Colorado Springs
Chamber of Commerce and Economic Development Corporation; Chris
Jenkins, CEO of Norwood Development Group; Cami Bremer, El Paso
County Commissioner; and the city’s recently elected mayor, Yemi
Mobolade.
About Entegris
Entegris is the global leader in electronic materials for the
semiconductor market. With approximately 9,000 employees across its
global operations, Entegris offers the industry’s most
comprehensive and innovative unit-driven end-to-end offering for
semiconductor customers, in addition to solutions for the life
sciences and other advanced manufacturing environments. Entegris’
solutions help customers improve their performance, productivity
and yields to enable technologies that transform the world. It has
manufacturing, customer service, and/or research facilities in the
United States, Canada, China, France, Germany, Israel, Italy,
Japan, Malaysia, Singapore, South Korea, Taiwan and the United
Kingdom. For more information about Entegris, visit us at
www.entegris.com, or follow us on LinkedIn, Twitter, Facebook, and
Instagram.
https://www.entegris.com/en/home/about-us/manufacturing/colorado-springs.html
Forward-Looking Statements
Certain statements herein are “forward looking statements”
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. The words “believe,” “expect,” “anticipate,” “intend,”
“estimate,” “forecast,” “project,” “potential,” “should,” “may,”
“will,” “would” or the negative thereof and similar expressions are
intended to identify such forward looking statements. These
forward-looking statements include statements related to Entegris’
expansion of its manufacturing presence in Colorado; the amount of
Entegris’ investment in connection with such expansion; future
operations at the new manufacturing facility; future staffing
levels; receipt of local, state and/or federal incentives and other
matters. These statements involve risks and uncertainties, and
actual results may differ materially from those projected in the
forward-looking statements. These risks and uncertainties include,
but are not limited to, those that are described in Entegris'
filings with the Securities and Exchange Commission, including
under the heading “Risks Factors” in Item 1A of Entegris' Annual
Report on Form 10-K for the fiscal year ended December 31, 2022 and
subsequent quarterly reports on Form10-Q. The forward-looking
statements in this document speak only as of this date. The company
undertakes no obligation to revise or update publicly any
forward-looking statement, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20230607005363/en/
Media: Connie Chandler Senior Director of Corporate
Communications +1 978 436 6546 connie.chandler@entegris.com
Investors: Bill Seymour VP of Investor Relations,
Treasury & Communications + 1 952 556 1844
bill.seymour@entegris.com
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