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A proposed semiconductor plant in Covington is set to receive $75 million in federal funding. On Thursday, May 23, the Biden-Harris administration announced that Absolics Inc., an affiliate of the South Korea-based SKC, and the U.S. Department of Commerce have agreed to a non-binding preliminary memorandum of terms (PMT) that will provide up to $75 million in federal funding.
It marks the latest expansion of the political agenda of the web of groups connected to Leo.
SKC Co., a South Korean manufacturer of secondary battery parts and advanced materials, said Monday it is acquiring a stake in a US semiconductor packaging startup as it accelerates the drive for chip post-processing. The investment in Chipletz, an Austin-based fabless company, will give SKC an approximately 12 percent stake in the US firm through a Series B funding, the Seoul-based company said in a release. SKC did...
/PRNewswire/ -- Today SK Group, South Korea's second-largest conglomerate, was named to TIME's third annual TIME100 Most Influential Companies list for its...
More electronics companies and suppliers are building or expanding U.S. plants to meet future production needs, says an SIA report.