IQE Invests in Right to Work North Carolina
IQE is investing a total of $305 million in order to expand in Right to Work Greensboro, North Carolina. As a result, the company will also create 109 new jobs for people in the area. So this is an exciting economic development!
From Area Development Magazine:
“Greensboro has proven to be a strategic location for IQE and has provided access to exceptional talent. […] We look forward to continuing our partnership with the city as we progress further with our application for Government funding via the CHIPS Act, which along with funding commitments from the State, will provide us with the capital to invest and expand our local footprint.” […]
“North Carolina has more than 110 companies exporting $1.2 billion of semiconductors and microelectronics around the world. […] As one of the top states to do business, this expansion validates our reputation for the best talent and research partnerships that continue to attract and retain advanced manufacturers like IQE.”
To read the previous economic update on Right to Work states, click here.