Sterling Infrastructure (STRL) secured a phase-one site-development contract for a large-scale U.S. semiconductor campus. The initial phase is valued at over $500 million. A joint venture will execute the project with completion expected by late 2027 or early 2028.
The project establishes a new long-term growth driver to complement Sterling's existing data center business. Management expects the full campus development to span several decades. This timeline creates opportunities for substantial follow-on work.
The contract contributes to Sterling's E-Infrastructure segment. Mission-critical projects now represent over 90% of this segment's backlog. The company identifies this as one of the largest planned semiconductor projects in the United States.