MIKE: WE ARE STANDING OUTSIDE RANCHO CORDOVA’S CITY HALL BECAUSE BY NEXT YEAR, NOT FAR FROM THE SPOT, THIS CITY COULD BE OWNED BY ONE OF CALIFORNIA’S BEST BUILDING COULD BE OWNED BY ONE OF CALIFORNIA’S LARGEST SEMICONDUCTOR FACTORIES. IT IS BUILDING A GLOBAL RESEARCH AND DEVELOPMENT CAMPUS IN RANCHO KENDO — RANCHO CORDOVA INCLUDING A $1 MILLION INVESTMENT IN A COMPANY THAT FOCUSES ON DATA STORAGE, STORAGE SOLUTIONS, AND DATA CHIPS. I WANT TO GET TO THE EYE-CATCHING AND MAY BE EAR CATCHING NEWS ABOUT JOBS. MORE THAN 1900 JOBS IN THE NEXT FIVE YEARS ACCORDING TO THE COMPANY, DESCRIBED AS “HIGHLY PAID TECHNOLOGY JOBS.” WE ARE TOLD THE AVERAGE WAGE WILL BE $180,000 A YEAR. THAT IS WHY BUSINESS LEADERS ANTICIPATE THIS COMPANY COULD CREATE MORE THAN A BILLION DOLLARS A YEAR IN ECONOMIC IMPACT FOR THE ENTIRE REGION, WHICH BRINGS US BACK OUT HERE TO RANCHO CORDOVA CITY HALL. THE GREATER — ECONOMIC COUNCIL HAS WORKED WITH THE CITY AND SMUD TO MAKE THIS DEAL A REALITY, FOR THE COMPANY TO COME HERE. IF ALL GOES SMOOTHLY, THAT NEW FACILITY COULD BE OPEN AS EARLY AS THE FIRST QUARTER OF NEXT YEAR.
High-wage semiconductor campus coming to Sacramento region
Hundreds of high-wage jobs could be coming to Rancho Cordova in a move being billed as the largest high-wage jobs project in the Sacramento region’s history.
Updated: 1:11 PM PDT Sep 15, 2022
Hundreds of high-wage jobs could be coming to Rancho Cordova in a move that’s being billed as the largest high-wage jobs project in the Sacramento region’s history. Solidigm, a US-based subsidiary of global semiconductor company SK hynix, Inc., announced it has selected this city for its global research and development campus. A statement posted to the company’s website read: “After an exhaustive site search in the Greater Sacramento region, Solidigm chose the city … which will be home to more than 1,900 professionals in highly paid technology jobs over the next five years with more than $100 million investment in the facility. This is the largest semiconductor industry R&D project Greater Sacramento has seen over the last decade.”The announcement includes a $100 million investment in the facility, which is targeted for a move-in date during the first quarter of 2023.This moves adds to the region’s interest in new technology research and development investments.According to the Nationa l Science Foundation, California accounted for $164.4 billion in research and development performed in 2018, which was nearly 27% of the total nationally.”As a global leader in data memory storage, Solidigm brings its research and development to Rancho Cordova at a critical time for our national supply chain and at a moment when we need more US investment in the essential technologies of the future,” Rep. Ami Bera, D-Calif., said. “And regionally, the benefits of this—the largest high-wage jobs economic development project our region has ever seen—brings considerable investment and opportunities that will benefit the Greater Sacramento region and its residents.”The Greater Sacramento Economic Council, in partnership with the city of Rancho Cordova and SMUD, worked for over a year to attract this company.
Hundreds of high-wage jobs could be coming to Rancho Cordova in a move that’s being billed as the largest high-wage jobs project in the Sacramento region’s history.
Solidigm, a US-based subsidiary of global semiconductor company SK hynix, Inc., announced it has selected this city for its global research and development campus.
A statement posted to the company’s website read:
“After an exhaustive site search in the Greater Sacramento region, Solidigm chose the city … which will be home to more than 1,900 professionals in highly paid technology jobs over the next five years with more than $100 million investment in the facility. This is the largest semiconductor industry R&D project Greater Sacramento has seen over the last decade.”
The announcement includes a $100 million investment in the facility, which is targeted for a move-in date during the first quarter of 2023.
This moves adds to the region’s interest in new technology research and development investments.
According to the National Science Foundation, California accounted for $164.4 billion in research and development performed in 2018, which was nearly 27% of the total nationally.
“As a global leader in data memory storage, Solidigm brings its research and development to Rancho Cordova at a critical time for our national supply chain and at a moment when we need more US investment in the essential technologies of the future,” Rep. Ami Bera, D-Calif., said. “And regionally, the benefits of this—the largest high-wage jobs economic development project our region has ever seen—brings considerable investment and opportunities that will benefit the Greater Sacramento region and its residents.”
The Greater Sacramento Economic Council, in partnership with the city of Rancho Cordova and SMUD, worked for over a year to attract this company.
Comments are closed.