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’s largest wafer fabrication
facility by volume and serves customers in critical industries,
such as industrial, automotive, communications, consumer, and
healthcare.
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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’s CEO and Chair and Vivek Jain, ADI's Executive Vice
President, Global Operations & Technology. (Photo: Business
Wire)
The 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’s current roughly 950 employees in
Oregon.
More 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%.
"By expanding ADI’s 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’s hybrid manufacturing
model," said Vincent Roche, ADI’s 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."
Commenting on the announcement, U.S. Senator Ron Wyden of Oregon
said, “Today’s 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’ 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.”
In 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’s 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.
ADI’s 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.
About Analog Devices, Inc.
Analog 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’s innovators stay Ahead of
What’s Possible. Learn more at www.analog.com and on LinkedIn and
Twitter.
Forward-Looking Statements
This 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
“anticipates,” “expects,” “intends,” “goals,” “plans,” “believes,”
“seeks,” “estimates,” “continues,” “may,” “will,” “would,”
“should,” “could,” “strives,” “projects,” “designed,” 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.
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their respective owners.
(ADI-WEB)
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version on businesswire.com: https://www.businesswire.com/news/home/20230726603504/en/
Ferda Millan Global PR and External Communications Analog
Devices Ferda.Millan@analog.com
Michael Lucarelli Vice President, Investor Relations and
FP&A Analog Devices Investor.Relations@analog.com
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