US Commerce Department Grants $75M To Absolics For Semiconductor Facility In Georgia - Applied Mat (NASDAQ:AMAT), Amkor Tech (NASDAQ:AMKR)
The U.S. Commerce Department has awarded Absolics Inc a $75 million grant to build a 120,000 square-foot facility in Covington, Georgia, under the CHIPS and Science Act. This investment will boost U.S. semiconductor technology by advancing glass substrate technology for semiconductor packaging. Expected to create 1,200 jobs, this initiative supports the $52.7 billion government effort to enhance semiconductor manufacturing and development.
Source: benzinga.com