Nanotechnology company expands in Charlottesville

Governor Glenn Youngkin announced today that Laser Thermal will invest $2.9 million to expand in Charlottesville.

The Virginia-founded nanotechnology company aids manufacturers of semiconductors and other small electronics to innovate their product portfolio and improve quality control.

28 new jobs will be created by increasing the manufacturing, research and development at the facility.

The need for growth has come following the development of an innovative thermal metrology process and equipment that delivers thermal measurements quickly, reliably, and accurately at the nanoscale.

Governor Youngkin said, “Laser Thermal’s decision to expand its research and development generated from our world class universities like the University of Virginia and the innovation and talent they produce. The company’s success also showcases Virginia’s ongoing technology sector growth and we look forward to a continued partnership.” 

The announcement follows Governor Youngkin and Senator Mark Warner’s appearance together last week in support of bringing semiconductor businesses to the Commonwealth.

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Youngkin and Warner team up to bring microchip manufacturing to Virginia

Governor Glenn Youngkin and Senator Mark Warner came together earlier this week at a conference in Fairfax in a bipartisan effort to encourage global leaders to bring microchip manufacturers to the Commonwealth.

Governor Youngkin highlighted a number of attractive benefits in bringing manufacturers to Virginia including lucrative incentives, the proximity to the federal government, the country’s defense contracting hub, one of the largest cargo ports, and one of the best public and private university systems.

The event held at Northrop Grumman’s global headquarters in partnership with Virginia Tech highlighted the Virginia Alliance of Semiconductor Technology program which is building a pipeline of graduate students to enter the semiconductor field.

The federal government recently dedicated $52 million in an incentive package that Senator Warner was heavily involved in developing to help bring semiconductor projects to the country as currently only 12% of chips are made domestically.

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President Biden signs Warner backed act on Semiconductors

The Chairman of the Senate Select Committee on Intelligence, Virginia Senator Mark Warner issued a statement on President Biden signing his CHIPS act.

Warner stated by email that the CHIPS and Science Act will lower costs for families, strengthen the nations security and create manufacturing jobs in the United States.

Nearly everything that has an on switch contains a chip of this type.

Only 12 percent of these types of chips are produced in the United States.

The newly signed  Warner backed act will include $52 billion in funding to manufacture chips here in America.

Warner adds that this will help America compete against countries like China for the technology or the future.

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