Home > News > Industry News > 3D Glass Solutions shows off new high-tech facility

3D Glass Solutions shows off new high-tech facility

Post Time:Oct 10,2019Classify:Industry NewsView:1200

ALBUQUERQUE, N.M. — Homegrown semiconductor chipmaker 3D Glass Solutions is celebrating a soft opening Tuesday for its new 16,000-square-foot facility near Balloon Fiesta Park, where the company expects to expand from its current 25 employees to 150 in the next few years.


bright spotThe company announced a $23 million investment last fall to acquire, remodel and equip the new building as it ramps up operations to build components for mobile communications and other markets. It needed more space as it moves out of research and development into high-volume output for strategic partners and customers operating in the telecommunications and aerospace markets.


The new digs will actually provide about 18,000 square feet of operating space, because some hallways were knocked out to open things up more for employees and equipment, CEO Mark Popovich said.


“We’re nearly quadrupling the size of our operation,” Popovich told the Journal. “We’re moving from a low-volume electronics packaging space into a mid-volume, high-tech production facility with new equipment that offers in-house capabilities for all our operations.”


Intensifying demand

The move comes at a critical time in company development, with demand for its products intensifying as it forges strategic partnerships with big industry players, including Lockheed Martin Corp. and the Japanese conglomerate Nagase & Co. Ltd. Both of those firms contributed to a new, $12 million round of venture investment that closed last May, bringing total private investment in 3D Glass to about $19 million since it launched in 2006.


Murata Manufacturing Co. Ltd. and Sun Mountain Capital, which manages New Mexico State Investment Council investments in local companies, also contributed to the round.


The new money, along with $2 million in Local Economic Development Act money approved under former Gov. Susana Martinez – plus about $25 million in industrial revenue bonds approved by Bernalillo County – helped 3D Glass pay for the new facility.


“We’re investing in the building remodel and a lot of new equipment,” Popovich said. “We’ll probably pump more than $23 million into it before we’re done over the next three to four years.”


Doubling in size now

The company is rapidly ramping up its workforce, which grew from about 15 last fall to 25 now.


Source: https://www.abqjournal.com/Author: shangyi

Hot News

返回頂部
快乐十分选号技巧