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LITTLE ROCK, Ark. – Aug. 14, 2023 – Power Technology announces Walter Burgess, its co-CEO, will be speaking at the upcoming CHIPS AMERICA (Advancing Microelectronics Education, Research, Innovation & Commercialization in Arkansas) Summit focused on finding opportunities that CHIPS Act funding can benefit the State of Arkansas. The program will take place in Norwest Arkansas at the University of Arkansas’ Fayetteville campus.
The CHIPS and Science Act is a recently implemented federal executive order that provides $52.7 billion for American semiconductor research, development, manufacturing, and workforce development. Arkansas is home to many companies that have a stake in the semiconductor industry. As one of those, For decades, Power Technology has designed and built lasers that are used in the manufacturing process for semiconductors.
On August 17, University of Arkansas Chancellor Charles Robinson will welcome a panel of leaders and Congressional Delegation from across Arkansas to discuss how best to leverage the Act to benefit the state. The program will also hear remarks from Adrien Elrod with the CHIPS Program Office from the U.S. Department of Commerce. Burgess is a member of the SURGE delegation whose goal is to facilitate discussions that can lead to CHIPS Act proposals.
“As a leader in the semiconductor manufacturing industry in Arkansas, I am excited to join research, industry, and governmental partners from around the state to discuss ways in which Arkansas is uniquely positioned to lead and benefit from CHIPS Act funding,” said Walter Burgess, co-CEO of Power Technology. “The CHIPS Act has an industrial strategy to revitalize domestic manufacturing, create good-paying American jobs, strengthen American supply chains, and accelerate the industries of the future.”
About Power Technology, Inc.
Power Technology, Inc., established in 1969, is a leading manufacturer of lasers for OEM cinema, analytical, biomedical, industrial, semiconductor inspection, defense & security, and machine vision applications.