Company anticipates increased customer demand for millimeter wave technology
DURHAM, N.C.—Nuvotronics recently announced it will expand its manufacturing capacity over the next five years by adding an advanced 14-inch line to its 8-inch substrate carrier line within its 83,326-square-foot manufacturing facility. The expansion of the facility, located adjacent to Research Triangle in Durham, is supported by current and forecasted customer demand for high-volume production in space, defense, and commercial markets, the company said in a release.
The project is estimated to create more than 150 jobs for the local community during the next five years. As a result, the State of North Carolina entered into a Job Development Investment Grant (JDIG) agreement to provide incentives for the project.
“The expansion of this innovative company signals once again about North Carolina’s resistance during the pandemic,” said North Carolina Governor Roy Cooper, in the release. “Our advanced manufacturing and technology workforce will help them meet their goals.”
According to Markets and Markets, the global deployment of 5G infrastructure and low earth orbit (LEO) satellite constellations will fuel growth of the global millimeter wave (mmWave) technology market from $1 billion in 2020 to an estimated $3.4 billion by 2025, a compound annual growth rate (CAGR) of 26 percent. The expected market growth, alongside Nuvotronics’ recent certification as a U.S. Defense Microelectronics Activity (DMEA) trusted foundry, positions the company as a trusted U.S. manufacturer with the capacity to meet high-volume production demands, according to the release.
“This investment communicates to current and future customers our strategic commitment to this innovative technology, which is integral to the evolution of space and 5G markets,” said Martin Amen, vice president and general manager, Nuvotronics, in the release. “We have successfully proven, established, and grown our advanced process through multiple research and development efforts here in the U.S. Our products truly revolutionize microelectronics solutions, making us a world leader in electronic packaging, driven by the demand for smaller packages with superior performance.”
The North Carolina Department of Commerce led the state’s efforts to support Nuvotronics’ decision to expand its operations in North Carolina. The company’s new jobs will include engineers, technicians, operators, managers, and administrative support staff.
“Innovation brings market-leading companies to North Carolina and supports their success at every stage of growth,” said Commerce Secretary Anthony M. Copeland, in the release. “Nuvotronics’ expansion in Durham highlights the assets that facilitate next-generation technologies and solutions, starting with our engaged colleges and universities.”
In addition to the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina, other key partners in the project include the North Carolina General Assembly, North Carolina Community College System, Durham County, city of Durham, and the Greater Durham Chamber of Commerce.