DURHAM – Nuvotronics, a Durham-based producer of micro fabricated radio frequency products for use in networks such as 5G, will add 150 jobs and invest $50 million in a new manufacturing facility.
The North Carolina Economic Development Committee approved a state job development grant worth as much as $1.733 million at a meeting Friday morning.
“This is an exciting time of growth for Nuvotronics,” said Martin Amen, vice president and general manager at Nuvotronics, in a statement. “We have established and grown our advanced, innovative process through multiple research and development efforts here in the U.S. Our products truly revolutionize microelectronics solutions and our expansion is driven by the demand for smaller packages with better performance.”
Nuvotronics is owned by Calfironia-based Cubic which bought the company in 2019 for $64 million. Nuvotronics launched in 2008.
The firm currently has 77 employees and expects to add 150 under terms of the grant agreement.
Average wages will be $73,000.
“The expansion of this innovative company signals once again about North Carolina’s resistance during the pandemic,” said Governor Roy Cooper in a statement. “Our advanced manufacturing and technology workforce will help them meet their goals.”
Nuvotronics also will receive local government incentives of some $350,000 plus community college training valued at more than $700,000 and a $2.4 million benefit on reduced sales taxes fdor products sold, the EIC explained.
Startup profile: Nuvotronics, advancing circuit boards with an eye on 5G
