YST Semiconductor Selects Vancouver Innovation Center for $100M Manufacturing Facility

Investment at Vancouver Innovation Center

YST Semiconductor Technology Corporation has leased 150,000 square feet at the Vancouver Innovation Center, bringing advanced manufacturing operations to the east Vancouver facility. The company plans to invest $100 million and create 100 jobs in the first phase of its operations, according to an announcement by the Columbia River Economic Development Council (CREDC).

The semiconductor manufacturer produces optoelectronic devices—computer chips that combine light with semiconductors—for telecommunications and information technology applications. Their selection of the Vancouver Innovation Center positions their operations closer to U.S. customers.

"Clark County's quality of life and skilled workforce are two primary draws for YST," said Peter Zhang, CEO of YST, in the CREDC announcement.

Strategic Portfolio Property

The lease highlights the strategic advantages of the Vancouver Innovation Center, which New Blueprint Partners acquired with Rabina in 2020. The property, formerly home to HP Inc., has undergone significant renovations since acquisition and continues to attract technology-focused tenants.

Regional Semiconductor Hub

Clark County offers a particularly strong environment for semiconductor operations, with local companies employing nearly three-quarters of Washington state's semiconductor workforce. The region's established ecosystem includes manufacturers like Analog Devices and TSMC in nearby Camas, and benefits from Clark College's mechatronics program, which provides specialized training for the industry.

Future Development

The Vancouver Innovation Center site encompasses 180 acres and includes plans for development into a mixed-use community with retail space, residential buildings, parks, and trails. The facility's revitalization represents a cornerstone of New Blueprint Partners' strategy to identify and improve properties with strong potential in growing markets.

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For more information about New Blueprint Partners' investment opportunities, please contact us at 914-455-0800.

Source: Original CREDC Press Release

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