Feds chip in $75M to help build Georgia semiconductor materials plant

URLhttps://www.ajc.com/news/business/sk-subsidiary-la
SourceAtlanta Journal Constitution
Date Published05/23/2024
Author NameZachary Hansen

Additional Reshoring Information:

Company/Division name Absolics
Parent companySK Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2024
Domestically, the work will be done:In-house
Country(ies) from which reshored:Korea, South
City reshored to:Covington
State(s) reshored to:GA
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredglass substrate for semiconductors
What non-domestic negative factors made offshoring less attractive?Supply chain interruption
What domestic positive factors made reshoring more attractive?Government Incentives, Govt. Policy and subsidies
Government Incentive dollar amount:$75 million
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