Powerex (Pennsylvania)

On November 8th, the Biden-Harris Administration announced that the U.S. Department of Commerce signed a non-binding preliminary memorandum of terms (PMT) to provide Powerex up to $3 million in proposed direct funding under the CHIPS and Science Act. The proposed CHIPS funding would support the modernization and expansion of the company’s back-end production facility in Youngwood, Pennsylvania. 

• The proposed CHIPS funding would be expected to modernize and expand its production facility and nearly double capacity and modernize key equipment in Youngwood.
• The proposed investment would enable facility packages semiconductor power modules for important defense applications including the F-35, as well as commercial and industrial applications.
• The proposed project is expected to create over 55 manufacturing jobs and up to 20 construction jobs. Powerex has initiated a local workforce development strategy with regional schools including universities, colleges, high schools, and veterans’ programs. 
• Powerex participates in military workforce programs, including DOD SkillBridge, Pittsburgh Hires Veterans, the Pennsylvania Talent Pipeline Project, and state workforce programs such as PA Career Link and the Workforce Investment Board.