Menlo Microsystems clarifies the result if repealed chips act

Lansing, NY (WBNG) – an associate representing Menlo Microsystems contacted 12 News to clarify the planned investments if the law of chips is eliminated or repealed.

Congressist Josh Riley Yesterday launched a press announcement, responding to President Trump’s desire to eliminate the tokens law. In this regard, Riley said that the planned $ 50 million Menlo Micro in Lansing could be in danger due to the loss of government funding.

12 News was said by an associate representing Menlo Microsystems this investment is part of the Menlo budget and is not related to the financing of the government that is potentially threatened.

“Internal innovation and production are essential for maintaining technological management and ensuring infrastructure security,” said CEO of Menlo Microsystems Russ Garcia. “For this purpose, we have already invested more than $ 35 million, with plans to invest $ 100 million in the next few years, in redeveloping our ITHACA installation and creating hundreds of jobs in the region.”