Both U.S. Senator Chuck Schumer and NY Governor Kathy Hochul have announced Menlo Micro will invest $50 million to retrofit a microelectronics manufacturing fab in Tompkins County.
The announcement is expected to bring over one hundred high paying jobs to the area with work on the retrofit already started in the Village of Lansing.
“With my CHIPS & Science Act as the lightning rod, Menlo Micro will invest $50+ million to build their first domestic manufacturing facility for their cutting-edge technology right here in Tompkins County! Last year, I personally called Menlo Micro’s CEO to tell him that Upstate New York is the next frontier for microelectronic and semiconductor manufacturing, and I’m thrilled they are now bringing 100 new good-paying jobs to Tompkins County,” said Senator Schumer.
Assisting in the construction of Menlo Micro’s new fab, $6.5 million will be provided by Empire State Development in the form of performance based Excelsior Jobs Tax Credits in exchange for 122 new jobs at the facility.
“Today’s announcement represents the first step toward significantly increasing the domestic production capacity of our Ideal Switch to help secure critical infrastructure and further strengthen America’s technology stronghold,” said Russ Garcia, CEO of Menlo Micro.
Manufacturing is expected to begin in 2024 of a next generation switch technology. The switches are hyper-efficient which have a broad base application that include aerospace, energy, communications, critical infrastructure, and more.
