A new tech manufacturing park is set to be developed in California Forever, aiming to create a hub for innovation and production. The project is expected to attract significant investment and generate numerous job opportunities, positioning California as a leader in the technology sector.

Substrate, a San Francisco startup co-founded by a protégé of Peter Thiel, has raised over $100 million to develop innovative semiconductor manufacturing technologies aimed at reducing U.S. dependence on foreign suppliers. The company plans to create vertically integrated semiconductor factories using a new laser-based lithography process, but faces skepticism about its ambitious timeline and technical challenges.