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Local tech manufacturers sign preliminary memorandums for CHIPS funding

Summary by The Sun (Lowell)
Two companies in Greater Lowell have agreed to preliminary memorandums of terms that may grant them both tens of millions of dollars in federal funding through the CHIPS and Science Act. Lowell’s MACOM and Wilmington’s Analog Devices Inc. signed memorandums with the U.S. Department of Commerce to unlock $70 million and $105 million in CHIPS funding, respectively. MACOM develops and manufactures a range of semiconductor components for the commerc…
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Lowell, Massachusetts

Lowell, Massachusetts

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