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Wilmington Tech Firm To Receive $105 Million Federal Investment


Published on 2025-01-17 12:42:18 - MSN
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  • Analog Devices, Inc.is slated to receive a federal investment of $105 million as part of the CHIPS and Science Act, according to a statement from U.S. Rep. Seth Moulton. Analog is described as "a global leader in analog,

The article from MSN discusses a significant federal investment in a Wilmington, North Carolina-based technology firm, nCino, which is set to receive $105 million. This investment is part of a broader initiative by the U.S. Department of Commerce to bolster domestic technology and innovation. nCino, known for its cloud banking solutions, will use the funds to expand its operations, enhance its product offerings, and create new job opportunities in the region. The investment underscores the government's commitment to supporting tech companies that drive economic growth and technological advancement, particularly in areas like financial technology. This move is also seen as a strategic effort to keep the U.S. competitive in the global tech landscape.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/technology/tech-companies/wilmington-tech-firm-to-receive-105-million-federal-investment/ar-AA1xo5FN ]