Analog Devices to Be ‘in Conversation’ on Chips Act Funding: CEO
Even before President Joe Biden signed the Chips and Science Act into law Aug. 9 (see 2208090062), Analog Devices, Inc., had invested about $1 billion internally “to build out semiconductor fabrication capability” at its factories in Ireland and U.S. fabs…
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in Beaverton, Oregon, and Camas, Washington, CEO Vincent Roche told a J.P. Morgan investment conference Tuesday. “We've been making sure that we secure ADI's manufacturing needs and the footprint that we need” at nodes of 18 nanometers and above, he said. “We've done that without Chips Act funding. We're taking a very, very hard look now at the resiliency of our supply chain at 90 nanometers and below.” ADI “flagged” to its investors that it expects an increase in capital expenditures in its manufacturing operations “over the next few years,” he said. “Any activity we take upon ourselves to build more resiliency in our manufacturing model, Chips Act funding either in Europe or America is something that we'll be in conversation on.” ADI deploys a “hybrid manufacturing model,” said Roche. “We're not intending to build everything that we need inside ADI. We've had a very successful partnership with many of the brand-name foundries over the last several years. So we intend to work in a collaborative way with these vendors for the next several years.”