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Charles E. Schumer

10/04/2024 | Press release | Distributed by Public on 10/04/2024 17:24

SCHUMER CELEBRATES TTM TECHNOLOGIES’ BEAM SIGNING AS COMPANY MOVES FORWARD WITH STATE OF THE ART, 400 JOB EXPANSION BUILDING ONE OF THE MOST ADVANCED PRINTED CIRCUIT BOARD[...]

New York, N.Y. - On the heels of delivering $30 million in federal investment for TTM Technologies earlier this week, U.S. Senate Majority Leader Charles E. Schumer released the following statement on today's beam signing as the next major milestone for the company's expansion in Central NY:

"TTM Technologies' new, state-of-the-art printed circuit board factory in the Town of DeWitt will be the beating heart of this highly in-demand industry for America. Thanks to TTM's investment, more of this critical supply chain will be returned to America and soon more of this technology will be stamped 'Made In Central New York,'" said Senator Schumer. "This new facility will bring 400 good-paying jobs to Central NY, ensuring the communities in Onondaga County that powered our country's industrial past will be the ones to build its future and bring critical manufacturing back from overseas to safeguard our national security. I was proud to work hand in hand with Governor Hochul to secure this expansion and was thrilled to deliver a major $30 million federal investment earlier this week to fast-track this expansion and help ensure more of this technology is made in America and made in Central NY to support our military. From Micron's historic $100+ billion megafab investment to TTM's new 200,000+ square foot expansion, it is becoming clearer every day that Central New York is establishing itself as the crown jewel of America's semiconductor superhighway."

Governor Hochul said, "TTM Technologies' choice of New York is more proof that our manufacturing sector is strong and growing. TTM is on the cutting edge of next-generation microelectronics technology working to develop a robust chips ecosystem with state, federal and local stakeholders. This project will see this successful company create up to 400 good-paying manufacturing jobs Upstate. TTM's continued commitment is reinforcing New York's reputation as a leader for growth, innovation, and national security, and I thank them for helping us to continue to build the economy of tomorrow."

Schumer had pushed for TTM's expansion in Central NY, personally calling the CEO last year, which resulted in TTM selecting Syracuse for their major 400 job expansion out of over a dozen other states, with the company also citing the federal Tech Hub designation Schumer created in his CHIPS & Science Law and recently landed for the Syracuse-Rochester Buffalo Region as one of the deciding factors for selecting the region for their final investment. Since then, Schumer helped the I-90 semiconductor Tech Hub become one of only twelve award winners, delivering $40 million from his CHIPS & Science Law. This includes major funding for workforce training initiatives to close gaps in upskilling, hiring, and retention, especially for populations that have been historically excluded from tech and manufacturing-related job opportunities that will help local workers get the skills they need for good-paying tech jobs like those at TTM.

TTM's expanded Central NY facility will be one of the most technologically sophisticated and largest advanced printed circuit board (PCB) manufacturing sites in North America, with a highly optimized process to allow for shorter lead times, faster delivery, and a significant increase in domestic capacity for Ultra-HDI PCBs, adding to TTM's existing Central NY workforce of approximately 600 employees. These Ultra-HDI printed circuit boards are critical to our military and a vital component of the microelectronics and semiconductor industries, which are also seeing increased demand nationally driven by Schumer's CHIPS & Science Act.

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