OHIO Fund
Assembly Line
Eagle Electronics Announces Formation of State-of-the-Art Electronics Manufacturing Facility, $14mm of Funding, and Customer Commitments
Eagle Electronics, a new leader in high-tech electronics and cellular module production, is proud to announce it has raised $14mm, led by the O.H.I.O. Fund with participation from Asymmetric Capital Partners, to establish cutting-edge manufacturing technology and operations in Solon, Ohio, in partnership with CO-AX Technology. This strategic initiative marks a significant milestone in the companyâs commitment to onshoring the advanced high-tech supply chain to the United States.
Eagle Electronicsâ new facility aims to be the most advanced electronics manufacturing plant in the United States, leveraging cutting-edge surface-mount technology manufacturing equipment. The Solon, Ohio manufacturing operation is also expected to create numerous jobs in Ohio, further establishing the state as a key player in the U.S. semiconductor industry. Ohioâs Lieutenant Governor, Jon Husted, added, âEagle is further proof that Ohio is becoming one of the worldâs leading semiconductor manufacturing hubs. With the addition of Eagle, weâre bringing more jobs in this sector to Northeast Ohio, reinforcing our commitment to the âMade in Ohioâ strategy.â