CALUMET, MI – Calumet Electronics is on track to building the first substrate factory in the US with a 60,000 sq. ft. facility on its campus in Michigan's Upper Peninsula.
The project is expected to generate a total capital investment of up to $51 million. That amount includes a $7.5 million incentive from the Michigan Economic Development Corporation and a 15-year tax break of up to $758,877 per year.
Over the next three years, while the company scales its substrate production with training and technology, 270 of its current 350 employees will be retained to maintain the standard current production needs. Forty existing employees will receive initial upskilling critical to manufacturing advanced package substrates and complex PCB technologies in support of the semiconductor ecosystem and defense complex.
“We extend our gratitude to Governor Whitmer, MEDC CEO Quentin L. Messer, his dedicated team for their tireless effort and unwavering support, and the Michigan Strategic Fund. Additionally, we thank InvestUP, Warner, Norcross & Judd and Marketing Department, Inc. for helping bring this project over the finish line,” said Calumet Electronics President Stephen Vairo. “The funding will allow Calumet Electronics to advance our technology with a primary focus on bringing semiconductor and microelectronics manufacturing back to the United States. We are thrilled about the prospect of expanding our operations and facilities right here in Calumet, MI, creating increased opportunities for career retention, upskilling, and job growth in the Copper Country.”
Calumet is actively pursuing federal funding to address the needs of the Defense Industrial Base and support the strategic semiconductor and defense goals of the State of Michigan. In response to concerns raised by US defense and commercial OEMs regarding the availability of package substrates produced within the United States, Calumet Electronics may become the primary supplier, potentially even an exclusive supplier to US strategic programs, the company said.