Other project approvals include 42 new homes as well as expanded child care and business options.
Today, Governor Gretchen Whitmer joined the Michigan Economic Development Corporation to announce Michigan Strategic Fund approval for additional business expansions by two companies in southeast Michigan that will strengthen Michigan’s leadership position in future mobility and electrification and grow the state’s semiconductor ecosystem. The state is also supporting new affordable housing along with an expansion of child care and business development in Albion, Kalamazoo, and Sault Ste. Marie. The projects approved today will bring nearly $60 million to these local communities.
“Today’s investments will create hundreds of jobs, bring more of the semiconductor supply chain home, fund housing and community development projects, and drive nearly $60 million of investment statewide,” said Governor Whitmer. “Our goal is to build an economy of the future and compete with everyone to bring advanced manufacturing home to Michigan. Today’s approvals show that our work is paying off. Let’s keep working together to invest in every region of the state, create good-paying jobs, and build thriving towns offering strong opportunities for families and businesses.”
“The projects approved today keep Michigan at the forefront of the critical semiconductor industry, build on our statewide leadership in advanced and EV manufacturing, continue to bring good jobs to Michigan residents, support vibrant communities, and increase growth opportunities for businesses ranging from start-ups to established companies,” said Michigan Economic Development Corporation CEO and Michigan Strategic Fund President and Chair Quentin Messer Jr. “We are grateful to Governor Whitmer, legislators from both parties, and local officials for their continued support for our Business and Community Development programs. We appreciate the ongoing hard work of the Michigan Strategic Fund board. Today’s MSF actions demonstrate Team Michigan’s holistic, people-centric approach to economic development and underscore the power of “and” in positively impacting the lives of our friends and neighbors across Michigan.”
California-based indie Semiconductor establishing design and testing facility in Auburn Hills, creating 180 high-wage jobs
indie Semiconductor, founded in 2007 and headquartered in Aliso Viejo, Calif., designs next-generation automotive semiconductors and software platforms. The company focuses on developing innovative, high-performance and energy-efficient technology for driver safety and automation (ADAS), user experience and electrification applications. indie has design centers and regional support offices across the U.S. and worldwide, including Auburn Hills, where it employs 26 Michiganders.
This project represents the first semiconductor firm to create or expand a design team in the state and contributes to MEDC’s ongoing efforts to strengthen Michigan’s leadership in mobility and vehicle electrification. The project is also expected to be a catalyst for the semiconductor industry’s continued growth in the state, building on existing assets and companies such as KLA, Hemlock Semiconductor, Calumet Electronics, SK Siltron and more.