- Enablence Technologies Inc. (ENA) applauds the US Senate’s recently-passed bill aimed at boosting semiconductor production
- The US$52 billion bill pledges tens of billions of dollars into American manufacturing and scientific research
- The bill passed the house this week and will be signed into law by President Biden
- Enablence designs, manufactures, and sells optical components, primarily in the form of planar lightwave circuits (PLC), on silicon-based chips
- Enablence Technologies Inc. (ENA) remains unchanged, trading at C $2.00 per share at 11:25 am ET
Enablence Technologies (ENA) applauds the recent passing of a bill aimed at boosting semiconductor production by the U.S. Senate.
The US$52 billion bill pledges tens of billions of dollars into American manufacturing and scientific research.
The CHIPS and Science Act was made to increase domestic semiconductor manufacturing, making the U.S. less reliant on other countries such as China for semiconductors.
The bill passed the house this week and will be signed into law by President Biden.
Enablence Technologies’ CEO Todd Haugen stated that the US government’s urgency in passing this bill helps ensure that companies at the forefront of and critical to the semiconductor sector have the appropriate funding and government support in place to maintain leadership and render the U.S. self-sufficient.
“We are seeing demand accelerate for our products in mission critical applications and welcome the opportunity to work with our government representatives to access funding for growth through this bill and creating value for all of our constituents and stakeholders.”
Enablence designs manufactures, and sells optical components, primarily in the form of planar lightwave circuits (PLC), on silicon-based chips. The company’s products serve a global customer base, mainly focusing on data centers and other rapidly growing end markets.
The company also works with customers that have emerging market uses for its technology. It includes medical devices, automotive LiDAR and virtual and augmented reality headsets. In select strategic circumstances, the company also uses its proprietary, non-captive fabrication plant in Fremont, California to manufacture chips designed by third party customers.
Enablence Technologies Inc. (ENA) remains unchanged, trading at C $2.00 per share at 11:25 am ET.
