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Agency / Source: Analog Devices, Inc.

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Department of Commerce Announces Preliminary Terms with Analog Devices to Strengthen U.S. Semiconductor Leadership - Today, the U.S. Department of Commerce announced the signing of four separate non-binding preliminary memoranda of terms (PMT) under the CHIPS and Science Act to provide up to $105 million in proposed direct funding to Analog Devices, Inc. - Commerce.gov
Department of Commerce Announces Preliminary Terms with Analog Devices to Strengthen U.S. Semiconductor Leadership

 

NewswireTODAY - /newswire/ - Wilmington, MA, United States, 2025/01/16 - Today, the U.S. Department of Commerce announced the signing of four separate non-binding preliminary memoranda of terms (PMT) under the CHIPS and Science Act to provide up to $105 million in proposed direct funding to Analog Devices, Inc. - Commerce.gov . Nasdaq: ADI

   
 
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• Today, the U.S. Department of Commerce (commerce.gov) announced the signing of four separate non-binding preliminary memoranda of terms (PMT) under the CHIPS and Science Act to provide up to $105 million in proposed direct funding to Analog Devices, Inc.
• ADI is at the forefront of innovation in the expansion of U.S. semiconductor manufacturing.
• Our focus on enabling innovation at the Intelligent Edge is driving advancements in process technologies that are critical to our global customer base.
• This investment will help us strengthen our workforce training and community partnerships, as well as expand our efforts to manage our environmental footprint.

About Analog Devices, Inc.

Analog Devices, Inc. (analog.com) 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 $9 billion in FY24 and approximately 24,000 people globally, ADI ensures today's innovators stay Ahead of What's Possible.

Contact: Michael Lucarelli - Vice President, Investor Relations and FP&A
P: 781-461-3282 - E: investor.relations[.]analog.com.

 
 
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Agency / Source: Analog Devices, Inc.

 
 

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Department of Commerce Announces Preliminary Terms with Analog Devices to Strengthen U.S. Semiconductor Leadership

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U.S. Department of Commer | Analog Devices, Inc.
Contact: Ferda Millan - Analog.com 
408-373-1854 Ferda.Millan[.]analog.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Analog Devices, Inc. securities in any jurisdiction including any other companies listed or named in this release.

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