SkyWater unveils plans to build $1.8 billion chip facility in Indiana

U.S. semiconductor manufacturer SkyWater Technology Inc on Wednesday announced plans to invest $1.8 billion for a chip research and production facility in Indiana, in partnership with the state and Purdue University.

The announcement comes a day after the U.S. Senate voted to move ahead with a slimmed-down version of a legislation, known as the CHIPS Act, to give billions of dollars in subsidies and tax credits for the semiconductor industry.