Corning Inc. Secures $32 Million for Expansion to Support Semiconductor Growth

2025-01-17 business

Canton, Friday, 17 January 2025.
Corning Inc. received $32 million in federal funding to expand its Canton facility, supporting semiconductor supply chains and creating approximately 305 new jobs in New York.

Strategic Investment and Job Creation

The federal funding, announced on January 15, 2025, will support Corning Inc.’s ambitious $315 million expansion project in Canton, New York [1][3]. This strategic investment will create 130 new manufacturing positions and over 175 union construction jobs, significantly boosting employment in St. Lawrence County [1]. The expansion focuses on increasing production of High Purity Fused Silica and Ultra Low Expansion Glass, materials that are critical for semiconductor manufacturing [1][2].

Critical Role in Domestic Semiconductor Production

The Canton facility holds a unique position as the only U.S. location producing specialized glass for microchip production [1]. This expansion comes at a crucial time, as the global semiconductor glass market is projected to grow from $6.06 billion in 2024 to $6.3 billion by 2025 [8]. The facility’s enhanced capabilities will support major chip manufacturers in New York state, including Micron, GlobalFoundries, and Wolfspeed [1].

Technological Advancement and Market Impact

Corning’s Ultra-Low Expansion (ULE) Glass technology, originally invented in the 1960s, has become increasingly vital for modern semiconductor manufacturing [2]. The expansion project will improve the performance of deep ultraviolet (DUV) and extreme ultraviolet (EUV) lithography machines [3]. This development aligns with the broader semiconductor industry’s growth trajectory, which anticipates reaching $7.68 billion by 2029 [8].

Secured Funding and Future Outlook

The funding, part of the bipartisan CHIPS and Science Law, has been officially secured and cannot be revoked by future administrative changes [4]. Senator Chuck Schumer emphasized the significance of this investment, stating, ‘America’s future in glass for the semiconductor industry should be made in Canton, not China’ [1]. The Department of Commerce will release funds as Corning meets specific project milestones [3], with the company additionally committing $300,000 annually to support local childcare infrastructure [3].

Bronnen

semiconductor manufacturing