{"id":772931,"date":"2023-07-27T03:36:28","date_gmt":"2023-07-27T07:36:28","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/analog-devices-invests-more-than-1-billion-in-semiconductor-facility-expansion-in-oregon\/"},"modified":"2023-07-27T03:36:28","modified_gmt":"2023-07-27T07:36:28","slug":"analog-devices-invests-more-than-1-billion-in-semiconductor-facility-expansion-in-oregon","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/analog-devices-invests-more-than-1-billion-in-semiconductor-facility-expansion-in-oregon\/","title":{"rendered":"Analog Devices Invests More Than $1 Billion in Semiconductor Facility Expansion in Oregon"},"content":{"rendered":"

<\/p>\n

Analog Devices Invests More Than $1 Billion in Semiconductor Facility Expansion in Oregon<\/b><\/p>\n

WILMINGTON, Mass. & BEAVERTON, Ore.–(BUSINESS WIRE<\/a>)–
\nAnalog Devices, Inc. (Nasdaq: ADI), a global semiconductor leader, today celebrated its more than $1 billion investment to expand its semiconductor wafer fab in Beaverton, Oregon. The Beaverton site, built in 1978, is ADI\u2019s largest wafer fabrication facility by volume and serves customers in critical industries, such as industrial, automotive, communications, consumer, and healthcare.<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230726603504\/en\/<\/a><\/p>\n

\"Ribbon-cutting<\/p>\n

Ribbon-cutting ceremony to celebrate ADI’s more than $1 billion investment to expand its semiconductor wafer fab in Beaverton, Oregon. Pictured left to right: Vincent Roche, ADI\u2019s CEO and Chair and Vivek Jain, ADI’s Executive Vice President, Global Operations & Technology. (Photo: Business Wire)<\/p>\n<\/div>\n

\nThe facility investment expands cleanroom space to about 118,000 sq-ft and nearly doubles internal manufacturing of products running on the 180-nanometer technology node and above. It is also expected to create hundreds of new, long-term employment opportunities, a significant increase to ADI\u2019s current roughly 950 employees in Oregon.<\/p>\n

\nMore than 10% of the total investment is for new, state-of-the-art fab tools intended to increase overall efficiency and utilize chemistries that are more environmentally friendly. Despite nearly doubling production output, the facility is targeting to reduce absolute greenhouse gas emissions by approximately 75% and water usage per production unit by approximately 50%.<\/p>\n

\n“By expanding ADI\u2019s Beaverton facility, we are increasing our production capacity in critical industries, boosting domestic manufacturing in line with the vision of the CHIPS Act, and enhancing the global resiliency of ADI\u2019s hybrid manufacturing model,” said Vincent Roche, ADI\u2019s CEO and Chair. “While our investment in Beaverton will facilitate these goals, they will be achieved through the incredible dedication and talent of ADI’s existing workforce and further tapping into Oregon’s strong talent pool.”<\/p>\n

\nCommenting on the announcement, U.S. Senator Ron Wyden of Oregon said, \u201cToday\u2019s good news from Analog Devices marks a significant step to ensure Oregon is taking full advantage of the federal CHIPS Act I worked to pass into law. This announcement strengthens a signature industry in Oregon by solidifying semiconductors\u2019 place in the Silicon Forest and beyond, creating statewide impact with new good-paying jobs in Beaverton and rippling out to benefit the entire state economy.\u201d<\/p>\n

\nIn addition, the Beaverton facility will host the Semiconductor Advanced Manufacturing University (SAMU), a workforce development training center that will offer eight-week courses to train groups of around 25 students each on semiconductor equipment maintenance. A key driver of ADI\u2019s efforts with the training center is providing training opportunities to many diverse groups within the local community, including U.S. military veterans, people re-entering the workforce, and existing ADI factory operators, to learn semiconductor manufacturing fundamentals and other curriculum to advance their professional development.<\/p>\n

\nADI\u2019s hybrid manufacturing model is a broad network of internal factories and external partners. This model enables effective management of ADI operations through economic cycles, enhances the resiliency of its global supply chain, and better serves its customer needs. To improve ADI-owned operations, the company has increased capital investment to a high single-digit percent of revenue in fiscal year 2022 and to date in fiscal year 2023 from its historical precedent of around four percent. These manufacturing investments span the globe, including in the states of Washington and Massachusetts, as well as in Ireland, Thailand, Malaysia, and the Philippines.<\/p>\n

About Analog Devices, Inc.<\/b><\/p>\n

\nAnalog Devices, Inc. (NASDAQ: ADI) is a global semiconductor leader that bridges the physical and digital worlds to enable breakthroughs at the Intelligent Edge. ADI combines analog, digital, and software technologies into solutions that help drive advancements in digitized factories, mobility, and digital healthcare, combat climate change, and reliably connect humans and the world. With revenue of more than $12 billion in FY22 and approximately 25,000 people globally working alongside 125,000 global customers, ADI ensures today\u2019s innovators stay Ahead of What\u2019s Possible. Learn more at www.analog.com<\/a> and on LinkedIn<\/a> and Twitter<\/a>.<\/p>\n

Forward-Looking Statements<\/b><\/p>\n

\nThis press release contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. These statements are based on current expectations, estimates, forecasts, and projections about the industries in which we operate and the beliefs and assumptions of our management. Words such as \u201canticipates,\u201d \u201cexpects,\u201d \u201cintends,\u201d \u201cgoals,\u201d \u201cplans,\u201d \u201cbelieves,\u201d \u201cseeks,\u201d \u201cestimates,\u201d \u201ccontinues,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cwould,\u201d \u201cshould,\u201d \u201ccould,\u201d \u201cstrives,\u201d \u201cprojects,\u201d \u201cdesigned,\u201d and variations of such words and similar expressions are intended to identify such forward-looking statements. In addition, statements that refer to job creation; production capacity increases, timing of project completion, business strategy and plans; the potential impact of the expansion; and other characterizations of future events or circumstances are forward-looking statements. For additional information about factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to our filings with the Securities and Exchange Commission, including the risk factors contained in our most recent Annual Report on Form 10-K. Forward-looking statements speak only as of the date they are made, and we do not undertake any obligation to update any forward-looking statement.<\/p>\n

\nAll trademarks and registered trademarks are the property of their respective owners.<\/p>\n

\n(ADI-WEB)<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230726603504\/en\/<\/a><\/span><\/p>\n

\nFerda Millan
\n
Global PR and External Communications
\n
Analog Devices
\n
Ferda.Millan@analog.com<\/a><\/p>\n

\nMichael Lucarelli
\n
Vice President, Investor Relations and FP&A
\n
Analog Devices
\n
Investor.Relations@analog.com<\/a><\/p>\n

KEYWORDS:<\/b> Oregon Massachusetts United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Semiconductor Hardware Other Technology Technology Software<\/p>\n

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Ribbon-cutting ceremony to celebrate ADI’s more than $1 billion investment to expand its semiconductor wafer fab in Beaverton, Oregon. Pictured left to right: Vincent Roche, ADI\u2019s CEO and Chair and Vivek Jain, ADI’s Executive Vice President, Global Operations & Technology. (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Analog Devices Invests More Than $1 Billion in Semiconductor Facility Expansion in Oregon WILMINGTON, Mass. & BEAVERTON, Ore.–(BUSINESS WIRE)– Analog Devices, Inc. (Nasdaq: ADI), a global semiconductor leader, today celebrated its more than $1 billion investment to expand its semiconductor wafer fab in Beaverton, Oregon. The Beaverton site, built in 1978, is ADI\u2019s largest wafer fabrication facility by volume and serves customers in critical industries, such as industrial, automotive, communications, consumer, and healthcare. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230726603504\/en\/ Ribbon-cutting ceremony to celebrate ADI’s more than $1 billion investment to expand its semiconductor wafer fab in Beaverton, Oregon. Pictured left to right: Vincent Roche, ADI\u2019s CEO and Chair and Vivek Jain, ADI’s Executive Vice President, … <\/p>\n

Continue reading “Analog Devices Invests More Than $1 Billion in Semiconductor Facility Expansion in Oregon”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-772931","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAnalog Devices Invests More Than $1 Billion in Semiconductor Facility Expansion in Oregon - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/analog-devices-invests-more-than-1-billion-in-semiconductor-facility-expansion-in-oregon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Analog Devices Invests More Than $1 Billion in Semiconductor Facility Expansion in Oregon - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Analog Devices Invests More Than $1 Billion in Semiconductor Facility Expansion in Oregon WILMINGTON, Mass. & BEAVERTON, Ore.–(BUSINESS WIRE)– Analog Devices, Inc. (Nasdaq: ADI), a global semiconductor leader, today celebrated its more than $1 billion investment to expand its semiconductor wafer fab in Beaverton, Oregon. The Beaverton site, built in 1978, is ADI\u2019s largest wafer fabrication facility by volume and serves customers in critical industries, such as industrial, automotive, communications, consumer, and healthcare. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230726603504\/en\/ Ribbon-cutting ceremony to celebrate ADI’s more than $1 billion investment to expand its semiconductor wafer fab in Beaverton, Oregon. 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(Nasdaq: ADI), a global semiconductor leader, today celebrated its more than $1 billion investment to expand its semiconductor wafer fab in Beaverton, Oregon. The Beaverton site, built in 1978, is ADI\u2019s largest wafer fabrication facility by volume and serves customers in critical industries, such as industrial, automotive, communications, consumer, and healthcare. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230726603504\/en\/ Ribbon-cutting ceremony to celebrate ADI’s more than $1 billion investment to expand its semiconductor wafer fab in Beaverton, Oregon. 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