CANTON, N.Y. — Corning Inc. (NYSE: GLW) will invest up to $315 million in its Canton facility, including equipment, and create up to 130 new manufacturing jobs and 175 construction jobs, adding to the nearly 400 jobs already there, Gov. Kathy Hochul announced.
The Corning–based company, a leader in specialty glass and ceramics, will increase production of its High Purity Fused Silica (HPFS) and EXTREME Ultra Low Expansion (ULE) glass and scale a novel technology manufacturing process at the site. HPFS and ULE materials are key components of deep ultraviolet and extreme ultraviolet lithography machines and photomasks used for the manufacturing of semiconductors.
“This strategic investment will enable our Canton, N.Y. facility’s continued growth and the expansion of next-generation manufacturing capabilities necessary for producing critical materials for lithography tools that create the world’s most advanced microchips,” Corning Chairman/CEO Wendell Weeks said in the announcement. “We are proud to do our part to advance semiconductor manufacturing and job creation in New York, and we are grateful for Gov. Hochul’s enduring support and strong commitment to investing in advanced manufacturing in the state.”
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Empire State Development is supporting the project with up to $7 million in performance-based Excelsior Jobs Program tax credits. That is complemented by a $32 million federal investment through the U.S. Department of Commerce’s CHIPS Incentives Program.
“Corning has been an important part of the fabric of New York state manufacturing for more than 170 years and is a leader in specialty glass and ceramics,” Hochul said. “Because of innovative companies like Corning, along with the investments New York has made in the industry, we will continue to lead the nation in growing semiconductor manufacturing and R&D. New York state has the talent, infrastructure, and innovation to continue on this trajectory, and we will continue to build this critical industry, create jobs, and boost economic growth.”
