DeWITT, N.Y. — TTM Technologies Inc. (TTM) on Friday held a beam-signing ceremony at the site of its upcoming $130 million manufacturing facility adjacent to its existing facility at 6635 Kirkville Road in the town of DeWitt.
TTM is expected to invest up to $130 million for the new facility and create an additional 400 “good paying” jobs, bringing the company’s Central New York workforce to 1,000, the office of New York Gov. Kathy Hochul said.
Hochul joined TTM and local officials for the Friday beam signing.
(Sponsored)
Keeping Your Firm Secure on the Road to Digitization
By Dan Hernborg Sales Engineer With the looming threat of a potential recession and economic downturn, many professional service firms are looking to reduce costs and increase efficiency in preparation.
The Importance of Relationship Banking for Small Business Success
Small business owners wear many hats. Each day can bring on new challenges requiring valuable time and focus – especially in the competitive economic environment we live in today. The
TTM Technologies (NASDAQ: TTMI), which is headquartered in Santa Ana, California, will use the new facility to produce ultra high-density interconnect (UHDI) printed circuit boards (PCBs) that will be used primarily for U.S. military applications.
TTM will also invest in research and development to further integrate substrate and UHDI PCB technologies across the U.S. TTM’s new facility will be one of the first in the nation to specialize in manufacturing UHDI PCBs and advanced packaging, per Hochul’s office.
Empire State Development (ESD) is providing up to $17 million in performance-based Excelsior Jobs tax credits in exchange for the creation of 400 new jobs and the retention of over 600 existing jobs in New York.
As with all Excelsior Jobs projects, TTM will receive the credits after demonstrating that it has met the job and investment commitments, Hochul’s office noted. Additionally, ESD has awarded TTM a $5 million capital grant from the Upstate Revitalization Initiative for reimbursement for machinery and equipment.
TTM will also receive a $30 million grant from the U.S. Department of Defense (DoD) for the expansion.
“TTM is honored to have the support and leadership of Senate Majority Leader Schumer and Governor Hochul to help make a sound economic and national security case for New York State and the Department of Defense (DoD) co-investments in Syracuse,” Thomas Edman, president and CEO of TTM Technologies, Inc. said in the state’s announcement. “Our new state-of-the-art 200,000+ square foot facility will deliver trusted, domestically sourced advanced ultra-HDI printed circuit boards. The new facility will help fill the capacity void that the DoD is facing. We are proud of our 60-year presence in Syracuse as an industry leader for DoD customers and end-users.”
The planned facility will bring “disruptive capability, or the ability for a trusted manufacturer to quickly bring new and innovative technology to market for UHDI PCBs,” Hochul’s office said. It is expected to be one of the largest advanced PCB manufacturing facilities in North America with a highly optimized process to allow for shorter lead times, faster delivery, and a “significant” increase in domestic capacity. In addition, this facility will be one of TTM’s most sustainable facilities in North America, Hochul’s office said.
The beam-signing event happened exactly two years following Micron Technology Inc.’s (NASDAQ: MU) announcement that it planned to build a massive semiconductor-manufacturing campus at the White Pine Commerce Park in the town of Clay.
