COLORADO SPRINGS, Colo. (KKTV) – Okika Devices, a chip and software production company, is relocating its headquarters and research and development operations to Colorado Springs.
Governor Jared Polis and the state’s Office of Economic Development and International Trade (OEDIT) made the announcement of the company’s move on Tuesday, highlighting the state and local area’s growth in the semiconductor industry.
According to a news release, Okika Devices develops “Field Programmable Analog Array (FPAA) integrated circuit products to deliver state-of-the-art analog integrated circuit solutions that address complex challenges from sensor processing to machine learning.”
State officials said the company is set to create 20 new jobs with an average annual wage of $104,250.
The company, previously headquartered in California, also considered areas in California and Arizona for expansion. According to a news release, the company currently has six employees, one of whom is in Colorado.
Officials said hiring for Okika was underway as of Tuesday for applications and quality engineers, sales, and procurement.
“Relocating Okika’s headquarters to Colorado Springs marks an exciting new chapter for our company,” Okika’s Chairman and CEO William Staunton said. “The business-friendly environment, along with the unwavering support from the city, county, and state—who truly bent over backwards to make this transition seamless—made our decision an easy one. Colorado Springs offers a rich pool of talented and committed professionals, and we’re proud to join a community known for innovation and excellence. Many of our senior executives, formerly of Ramtron, are thrilled to return and help launch Okika in a place that feels like home. We are looking forward to being back.”
“Okika Device’s dedication to cutting-edge analog solutions and commitment to innovation will undoubtedly strengthen and advance our state’s growing semiconductor ecosystem, further solidifying Colorado’s position as a leader in the advanced industries, technology and strategic economic development,” OEDIT Executive Director Eve Lieberman said.
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