Dutch semiconductor manufacturing expansion at Wilton facility estimated to bring 1,000 new jobs
The semiconductor manufacturing supplier ASML has announced the expansion of its Connecticut facility in Wilton which will bring an estimated 1,000 new jobs to the area.
Dutch-based company ASML says it's investing $200 million in its Connecticut operations.
ASML says the expansion of the Wilton facility will bring 1,000 jobs to Connecticut over the next two years.
ASML manufactures semiconductor equipment.
Semiconductors are essential components of electronic devices.
ASML has more than 60 locations across the globe.
The announcement of the Wilton expansion comes amid the semiconductor chip shortage the tech and automobile industries have been dealing with during the pandemic.
If passed by Congress, the Bipartisan Innovation Act would invest $52 billion in domestic chip production.
Officials say the Wilton site is the company's largest manufacturing site in the US with more than 2,000 employees.
It also underwent a major expansion back in 2018.
ASML's CEO says the semiconductor industry continues to grow and adding the expansion in Wilton will help meet projected demand in the coming years.