(COLORADO) — Colorado Springs is becoming the new home for Okika Devices, a producer of chips and software that enable custom and cutting-edge analog solutions and computing in the semiconductor industry.
On Tuesday, May 20, Governor Jared Polis and the Global Business Development Division of the Colorado Office of Economic Development and International Trade (OEDIT) announced that Okika Devices, which enables custom and cutting-edge analog solutions and computing, had selected Olympic City for its new headquarters and research and development (R&D) center.
Okika developed the 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.
“Relocating Okika’s headquarters to Colorado Springs marks an exciting new chapter for our company,” said William Staunton, Chairman and CEO of Okika. “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.”
The company expects to create 20 net new jobs at an average wage of $104,250. Hiring is underway for applications and engineers sales, and procurement.
“We are honored to welcome Okika Devices to Colorado Springs,” said Colorado Springs Mayor Yemi Mobolade. “Their investment brings high-quality jobs, cutting-edge innovation, and strengthens our role in advancing technologies critical to national security. Choosing to expand in Olympic City USA speaks volumes about our city’s growing reputation as a hub for skilled workforce, business-friendly environment, and as a premier destination for tech companies looking to grow and thrive.”
The Colorado Economic Development Commission approved up $398,756 in performance-based Job Growth Incentive Tax Credit for the company over an eight-year period. The Colorado Springs City Council also approved $66,500 over four years in performance-based incentives.
In addition to Colorado, Okika Devices considered California and Arizona for expansion. The company was previously in California and has six employees.
