Semiconductor Manufacturing Sites
When you’re searching for a premier location for semiconductor manufacturing in the U.S., take a good look at Henrico, Virginia. We know how to power your success because we’re already here. In fact, we have a rich history of supporting the industry that dates back to the 1990s. That’s when we invested $44 million to develop White Oak Technology Park, enticing Qimonda AG to build a massive, 1 million sq. ft. facility. Later in 2001, Infineon Technologies invested more than $1 billion on the campus to build a wafer fabrication facility. QTS eventually acquired the semiconductor site. So, come grow with us in Henrico. We’re ready for you on day one. Watch and discover more.
President Joe Biden signed the CHIPS and Science Act of 2022 into law on August 9 and its implications are already far reaching for the future of chip manufacturing in Henrico. The legislation invests nearly $250 billion in semiconductor and scientific research & development. With our shovel-ready sites at White Oak Technology Park, we’re ready to take the lead in semiconductor manufacturing funding. We packed this master-planned, publicly owned industrial park with the power, utilities, and infrastructure necessary to advance your company. Highlights include:
fDi Intelligence named us the #2 location in the world for transport and warehousing strategy for several great reasons. One is that when you want to move your inventory quickly, we have the assets you need. While the pandemic weakened global supply chain networks, Richmond International Airport (RIC) continued to soar with a record-setting cargo volume of nearly 160 million pounds. Business was surging at the Port of Virginia, which uniquely owns and operates its terminals. In 2022, container volume growth spiked 25 percent in one year to make it the fastest growing port in the country. And in Henrico, we’re securing our water future for decades with Cobb’s Creek Reservoir, a publicly owned $280 million water project slated for completion by 2023. Infrastructure advantages include:
In Henrico, you’ll always have fresh talent to drive innovation. Our home state of Virginia has the second highest concentration of tech workers in the country. We also have the top tech pipeline in the United States, according to Business Facilities magazine. Our excellence in education is further strengthened by the hands-on learning happening at the VCU College of Engineering. The institution is investing deeply in its research & development programs with a $93 million Engineering Research Building. And, thanks to two historically Black colleges nearby, you can continue to cultivate a culture of inclusion and fuel your innovation through diversity.
When it comes to semiconductor site selection, if you choose Henrico you can save on operating costs without sacrificing talent and market access. And there is no better place to boost your bottom line than White Oak Technology Park. Our machinery & tools (M&T) effective rate is one of the lowest in the state. Companies that increase Virginia port volume and create jobs or make capital investments in an international trade facility may be eligible for a tax credit. Plus, our affordable real estate and stable taxes reduce overhead, which can accelerate business growth.
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