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Entegris announced plans to expand in Colorado Springs, which could create around 600 jobs within the next seven years.
The semiconductor material supplier plans to spend $600 million to build a new production facility.
The 100,000-square-foot complex will house the development of products used in semiconductor device fabrication.
Managers, technicians, chemists, engineers, and warehouse operators positions will be created.
The company estimates an average annual salary of almost $75,000.
These positions would then generate 1,750 additional direct and indirect jobs.
CEO Bertrand Loy said: "I believe that the plan we are announcing today firmly establishes Colorado and Entegris as key players in the nationwide push to ensure that the U.S. is at the forefront of advanced technology manufacturing.
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“And obviously all of that requires new capacity, which is really leading us to make an investment in a new manufacturing center of excellence in Colorado Springs.
“And this will help position us to meet the growing needs for our products and solutions across the broad semiconductor ecosystem."
Entegris will initially invest around $200 million in the Rockrimmon Boulevard facility to cover the land, the building, and the equipment costs.
Source: The Gazette
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