A U.S. based technology company, NHanced, will start operations at a new facility in Odon after opening its plant Friday.
Operations are expected to kick off in the second half of 2024.
It’s one of eight new semiconductor facilities that received federal funding through the CHIPS and Science Act, which named Indiana one of its regional tech hubs. The Odon facility received nearly $33 million in the first round of CHIPS funding – the biggest allocation so far for semiconductors.
Read more: County advances semiconductor manufacturer's plan for Bloomington facility
The CHIPS Act, authored by Indiana Senator Todd Young, said demand for semiconductors is increasing and Indiana was already well positioned to meet the need because of the state’s auto manufacturing industry.
“That means more jobs, higher wages, and a more significant contribution to our defense economy, but also more broadly to our economic growth,” Young said.
NHanced expects to bring more than 400 jobs to the area by 2028. It is one of four companies developing in Odon, which will be managed under the WestGate Crane Technology Park, adjacent to Crane’s Naval Surface Warfare Center.
The technology developed at the WestGate Crane facility will be used for devices for electronic warfare.
