- 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. (NASDAQ: ADI).
- 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. (NASDAQ: ADI) 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™. Learn more at www.analog.com and on LinkedIn and Twitter (X).
