DOE Announces $481.5 Million Loan to SK Siltron CCS to Expand Manufacturing of Electric Vehicle Semiconductor Materials

URLhttps://www.energy.gov/lpo/articles/doe-announces-
Sourceenergy.gov
Date Published11/12/2024

Additional Reshoring Information:

Company/Division name SK Siltron CCS, LLC
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):200
Year reshoring announced:2024
Domestically, the work will be done:In-house
Capital investment ($):481.5
Country(ies) from which reshored:Korea, South
City reshored to:Bay City
State(s) reshored to:MI
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredsilicon carbide (SiC) wafers
What domestic positive factors made reshoring more attractive?Government Incentives, Govt. Policy and subsidies
Government Incentive dollar amount:$544 loan
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