US DOE grants conditional $544M loan to SK Siltron CSS for expanding silicon carbide wafer production in Michigan for electric vehicle components, creating up to 450 jobs.

The US Department of Energy has granted a conditional $544 million loan to SK Siltron CSS, a South Korean semiconductor maker, to expand its silicon carbide wafer production facility in Michigan, which is used in electric vehicles. The loan will help the company grow American production of high-quality silicon carbide wafers, a key component in electric vehicles, and create up to 200 skilled jobs by 2027, with the potential to reach a total of 450 workers.

February 22, 2024
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