DALLAS, Oct. 10,
2024 /PRNewswire/ -- Jacobs (NYSE: J) has been
appointed by CG Semi Private Limited, a Joint Venture between CG,
Renesas Electronics Corporation, and Stars Microelectronics
(Thailand) Public Co. Ltd., for
engineering design of CG Semi's new Outsourced Semiconductor
Assembly and Test (OSAT) facility at Sanand, Gujrat in India.
Serving as the engineering, procurement and construction
services (EPCS) partner on the Mini Line, and engineering partner
on the Main Line, Jacobs will support CG Semi in its endeavor to
establish a world-class OSAT facility.
"Jacobs partnering with CG Semi on this pivotal project
underscores our commitment to delivering innovative and sustainable
solutions in the rapidly expanding semiconductor market in
India," said Chair and CEO
Bob Pragada. "With our extensive
experience in the U.S., Europe and
Asia, and proven capabilities, we
are eager to contribute to the success of their new facility,
helping to drive growth and technological advancement in the
region."
The main facility is planned to be built on more than 28 acres.
The OSAT facility will manufacture a variety of advanced and legacy
packages for industries such as automotive, consumer, industrial
and 5G.
Jacobs, ranked by Engineering News-Record as No.1 in
Semiconductors, Manufacturing and Electronic Assembly, has worked
on several transformative projects in India, delivering strategic and engineering
consultancy works for integrated urban water management, recycle
and re-use facilities and building Biocon Biologics' largest
monoclonal antibodies facility. Since 2016, a Jacobs team has also
supported the operations and maintenance at Hindan Air Force
Station in Ghaziabad, making sure critical infrastructure is
running 24/7. During Covid-19, the team helped the Indian Air Force
(IAF) Humanitarian Mission in providing supplies from around the
world to people in India.
At Jacobs, we're challenging today to reinvent tomorrow –
delivering outcomes and solutions for the world's most complex
challenges. With a team of approximately 45,000, we provide
end-to-end services in advanced manufacturing, cities & places,
energy, environmental, life sciences, transportation and water.
From advisory and consulting, feasibility, planning, design,
program and lifecycle management, we're creating a more connected
and sustainable world. See how at jacobs.com and connect with
us on LinkedIn, Instagram, X and Facebook.
Certain statements contained in this press release constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are statements that do not directly relate to any
historical or current fact. When used herein, words such as
"expects," "anticipates," "believes," "seeks," "estimates,"
"plans," "intends," "future," "will," "would," "could," "can,"
"may," and similar words are intended to identify forward-looking
statements. We base these forward-looking statements on
management's current estimates and expectations, as well as
currently available competitive, financial and economic data.
Forward-looking statements, however, are inherently uncertain.
There are a variety of factors that could cause business results to
differ materially from our forward-looking statements including,
but not limited to, uncertainties as to the impact of the recently
completed separation transaction pursuant to which we spun off and
merged our Critical Missions Solutions and Cyber & Intelligence
government services businesses with Amentum (together,
"new Amentum ") on Jacobs' and new Amentum's businesses, the timing
of the award of projects and funding and potential changes to the
amounts provided for under the Infrastructure Investment and Jobs
Act and other legislation related to governmental spending, as well
as general economic conditions, including inflation and the actions
taken by monetary authorities in response to inflation, changes in
interest rates and foreign currency exchange rates, changes in
capital markets, the possibility of a recession or economic
downturn, increased uncertainty and risks, including policy risks
and potential civil unrest, relating to the outcome of elections
across our key markets and elevated geopolitical tension and
conflicts, among others, and the impact of any future pandemic or
infectious disease outbreak, including the related reaction of
governments on global and regional market conditions, among others.
For a description of some additional factors that may occur that
could cause actual results to differ from our forward-looking
statements, see the discussions contained under Item 1 - Business;
Item 1A - Risk Factors; Item 3 - Legal Proceedings; and Item 7 -
Management's Discussion and Analysis of Financial Condition and
Results of Operations in our most recently filed Annual Report on
Form 10-K, and Item 2 - Management's Discussion and Analysis of
Financial Condition and Results of Operations; Item 1 - Legal
Proceedings; and Item 1A - Risk Factors in our most recently filed
Quarterly Report on Form 10-Q, as well as the company's other
filings with the Securities and Exchange Commission. The company is
not under any duty to update any of the forward-looking statements
after the date of this press release to conform to actual results,
except as required by applicable law.
For press/media inquiries:
media@jacobs.com
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SOURCE Jacobs