US Offers $544 Million Loan to Semiconductor Maker SK Siltron
Chips on a silicon wafer.
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Semiconductor maker SK Siltron CSS LLC was awarded a $544 million conditional loan by the Biden administration Thursday to help expand a Michigan wafer production facility used in electric vehicles.
The company, part of South Korea conglomerate SK Inc., will use the funding to expand American manufacturing of high-quality silicon carbide wafers, a key component in electric vehicles, the Energy Department said in a statement announcing the financing.