Entegris plans $700M in domestic R&D spending for semiconductor innovation

Entegris (ENTG) announced $700M in domestic R&D spending over the next several years to accelerate semiconductor innovation. This investment in R&D projects and related capital expenditures will span its two divisions, Materials Solutions and Advanced Purity Solutions. A portion of this investment will be used to develop its Aurora, Illinois location, strategically located between semiconductor hubs in New York, Ohio, Arizona and Texas, into a state-of-the-art U.S. Technology Center. This facility will be a cornerstone to Entegris’ solutions selling strategy focused on maximizing product performance and minimizing time to market, across its complete suite of solutions including its deposition materials, slurries, cleans, and CMP pads. This investment complements Entegris’ previous commitment of $700M to development of a state-of-the-art manufacturing center of excellence in Colorado Springs, CO. “To support the industry’s growth, we have been creating a stronger and more resilient domestic semiconductor ecosystem in the U.S.,” said Entegris president and CEO Dave Reeder. “These investments also allow for continued leadership in advanced materials solutions.”