FAQ: CPS Technologies' $15.5 Million Semiconductor Contract
Summary
CPS Technologies has secured a $15.5 million contract with a multinational semiconductor manufacturer to supply advanced power module components, representing a 16.5% year-over-year increase in business from this customer.
What is the main announcement in this content?
CPS Technologies Corp. has secured a $15.5 million contract with a longstanding, multinational semiconductor manufacturer to deliver advanced power module components over a 12-month period.
How significant is this contract compared to previous business with this customer?
This order represents a 16.5% year-over-year increase in business from this customer, reflecting expanded demand for CPS’ high-performance, application-specific solutions.
When does the contract period begin and how long will it last?
The 12-month contract period began on October 1, 2025, and will run through September 30, 2026.
What specific products will CPS Technologies be supplying under this contract?
CPS will be delivering advanced power module components, specifically from their aluminum silicon carbide product line, which will be integrated into systems supporting high-speed rail as well as energy and grid infrastructure.
Who is the CEO of CPS Technologies and what comments did they provide about this contract?
Brian Mackey, President & CEO of CPS, stated that this expanded engagement underscores rising demand across industrial, energy, and mobility sectors, and reflects the strength of customer relationships and CPS’ expanding role in powering next-generation technologies.
What industries and applications will benefit from these components?
The components will support high-speed rail systems as well as energy and grid infrastructure, aligning with growing needs in electrification, transportation, and energy sectors.
How does this contract relate to CPS Technologies’ broader business strategy?
This contract affirms CPS’ plan to relocate to a larger and more efficient production facility, which is enabled by their recent capital raise, and demonstrates continued momentum in their aluminum silicon carbide product line.
What is CPS Technologies’ corporate vision and what industries do they serve?
CPS’ vision is ‘To pioneer the next generation of high-performance materials and solve the world’s toughest engineering challenges,’ serving applications including electric trains, wind turbines, electric vehicles, Navy ships, smart electric grid, 5G infrastructure, aerospace, satellite systems, and ballistic protection.
Where is CPS Technologies headquartered?
CPS Technologies is headquartered in Norton, Massachusetts, as indicated in the news release dateline.
What is the stock symbol for CPS Technologies?
CPS Technologies trades on the NASDAQ stock exchange under the ticker symbol CPSH.
This story is based on an article that was registered on the blockchain. The original source content used for this article is located at citybiz
Article Control ID: 268230