先进制造业月度更新-2024年3月

www.cascadiacapital.comMember FINRA and SIPCATLANTA | AUSTIN |LOS ANGELES|MINNEAPOLIS|NASHVILLE|NEW YORK| SEATTLE Advanced Manufacturing Report | March 2024 Edition Overview Introduction Cascadia Capital is a team of transparent, client-focused, trusted advisors with deepexpertise in a broad range of industries. We’re different from most investment banksbecause we’re not conflicted by trading, lending, research or cross-selling business.We partner with our clients to deliver results based on our domain expertise,transaction experience, and commitment to long-term relationships. Cascadia Capitaloffers a level of expertise and customization clients won’t find elsewhere. Ourplatform offers a level of experience, sub-vertical industry expertise, andcustomization delivered on an integrated team basis to optimize outcomes for ourclients. We have provided our services to leading private equity firms andextraordinary business owners for over 20 years. With bankers across multipleindustry verticals, Cascadia Capital has the experience to offer industry breadth whilemaintaining sector depth. Our industry-focused bankers are experts in their field anddeliver tailored advice and solutions to suit the unique needs of our clients. Our sectorspecialists stay on top of market trends, risks and opportunities which makes us avaluable and trusted advisor to our clients. CONTENTS ▪Cascadia Capital Overview▪Key Trends▪Key Statistics▪What We’re Reading▪Historical Trading Statistics▪PublicComparables▪Select M&A Activity▪Industry Events CONTACTS Introduction to Kevin Frisch Kevin FrischManaging Directorkfrisch@cascadiacapital.com+1 (917) 584-7803 ▪Experience ▪25+ years of M&A and Capital Raising Experience▪Expertise in:▪Advanced Manufacturing▪Aerospace, Space and Defense▪Panelist, Speaker and Arranger of related Conferences Joe ChangVice Presidentjchang@cascadiacapital.com+1 (704) 323-5013 ▪Cascadia Capital–MD, Advanced Manufacturing & Aerospace, Space, andDefense ▪FBR Capital Markets–MD, Industrials Group▪Focused on Advanced Manufacturing M&A and Capital Raising ▪Lehman Brothers–Senior Vice President▪Focused on Industrials M&A ▪Oppenheimer & Co.–Analyst ▪Chase Securities–Research Analyst ▪Education ▪M.B.A. in Finance–University of Chicago▪B.A. in Economics, Public Policy–Duke University KevinFrisch leads theAdvanced Manufacturing&Aerospace,Space,&Defensepractices at Cascadia Capital.Kevin has over 25 years ofexperienceworkingwithcompaniesacrossIndustry4.0andisaregularspeakeratindustryevents.Hewasoneofthefirstbankerscoveringthissectorandisinclosecontactwithstrategicandfinancialinvestorsinthespace. Advanced Manufacturing Report | March 2024 Edition Advanced Manufacturing Report | March 2024 Edition Key Statistics Cascadia is Tracking Advanced Manufacturing Report | March 2024 Edition What the Cascadia Team is Reading this Month Commerce DepartmentOpens$300M CHIPS R&DCompetition Manufacturing Dive–February 2024 The Department of Commerce plans to open a competition to increase domestic capabilities in advanced packaging substrates andmaterials. The CHIPS R&D office plans to allocate around $300 million over five years, with individual competition awards up to $100million. Read the full articlehere U.S. Government Boosts Advanced Manufacturing with Three New Developments 3DPrint.com–February 2024 On February 14, 2024, The Department of Energy announced funding of $63 million to advance electric heat pump manufacturing.Thefunding will be used to enhance the overall domestic manufacturing landscape for electric heat pumps, including heat pump waterheaters and various system components. Read the full articlehere Biden Provides Chip Maker with $1.5 Billion to Expand Production in New York, Vermont CBS News–February 2024 The Biden administration announced in mid February that the government would be providing $1.5 billion to the computer chip companyGlobalFoundries to expand its domestic production in New York and Vermont. This marks the third award of direct financial support for asemiconductor company under the 2022 CHIPS and Science act. Read the full articlehere GM Says Cadillac Lyriq Again Qualifies for $7,500 US EV Tax Credit Reuters–February 2024 GM announced that the automaker’s Cadillac Lyric is once again eligible for a U.S. $7,500 tax credit after a battery sourcingchange toaddress two minor components. This comes after new U.S. Treasury battery sourcing rules took effect on Jan. 1 that cut more thanhalfthe EVs eligible for tax credits. Read the full articlehere EU Looks to Boost Clean Tech Manufacturing with New Legislation Manufacturing Dive–February 2024 The European Commission announced on Feb 2. that it reached an agreement on the Net-Zero Industry Act, a bill aiming to boostdomestic clean energy technology manufacturing to support the EU’s climate goals. The bill is a key part of the bloc’s GreenDealIndustrial Plan and establishes a goal for the EU’s manufacturing capacity to su