Tuesday, October 29, 2024
Why more and more high-tech companies are choosing to “Make It in Michigan”
A thriving semiconductor industry is driving manufacturing and R&D while supporting a new tech ecosystem
Michigan’s state motto is Si quaeris peninsulam amoenam circumspice, which translates to “If you seek a pleasant peninsula, look about you.” But a more appropriate maxim today might be Scimus res facere, or “We know how to make stuff.”
Long known for its automotive manufacturing prowess, Michigan has been diversifying into aerospace, defense, and healthcare, all fueled by a commitment to harnessing the power of semiconductors. This has been aided by more than $1.2 billion in federal funding from the CHIPS Act, the Bipartisan Infrastructure Law, and the Inflation Reduction Act. The state’s Make It in Michigan economic development strategy drives semiconductor manufacturing, research, and development while supporting the ancillary businesses that thrive in the same tech ecosystem.