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GlobalFoundries to Expand Chip Manufacturing Capacity With $1.5B Investment From Commerce Department

GovCon Wire

billion investment from the Department of Commerce through the CHIPS and Science Act to build and expand new manufacturing capabilities to produce more semiconductor chips for automotive, defense, aerospace, artificial intelligence, internet of things and other applications. GlobalFoundries (Nasdaq: GFS) will receive a potential $1.5

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HII Completes Purchase of South Carolina Manufacturing Facility

GovCon Wire

HII has completed the acquisition of a South Carolina-based metal fabricator as part of a push to expand its shipbuilding capacity. The company said Monday the acquired facility will support the production of nuclear-powered submarine modules and aircraft carrier structures for U.S. Navy programs.

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The CHIPS and Science Act of 2022: What It Means for the Future of Manufacturing

ivalua

US Government Passes the CHIPS Act to Increase Semiconductor Manufacturing and Research. The CHIPS Act was created in response to pandemic-induced shortages of semiconductors and other critical manufacturing supplies, causing widespread disruption to supply chains across the country. . Part A: Manufacturing in the U.S.

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HII to Acquire South Carolina Manufacturing Facility to Expand Shipbuilding Capacity

GovCon Wire

The shipbuilder said Wednesday that the transaction will increase its capacity to support military customers. HII has announced its intent to acquire the assets and workforce of the South Carolina-based complex metal fabricator W International SC and Vivid Empire SC.

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How many federal manufacturing contracts actually go to small business anyhow?

Federal News Network

Yes, the non-manufacturing rule permits the small business set asides to provide products. And the exception here under the non-manufacture rule, basically provides for the ability for a company to seek a waiver of the application of that rule to submit products in cases where there aren’t comply products available.

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Austal USA Builds New Submarine Module Manufacturing Facility

ExecutiveBiz

Austal USA has started building a new manufacturing facility for submarine modules in Mobile, Alabama, to increase its capacity to support the U.S. Navy’s submarine industrial base.

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John Ofenloch Appointed President of AE Shoals Manufacturing & Technology Center

GovCon Wire

John Ofenloch, former operating partner at multi-strategy investment firm Satori Capital, has joined private equity firm AE Industrial Partners as president of the AE Shoals Manufacturing and Technology Center.