Biden administration approves $325M for Hemlock Semiconductor's new factory in Michigan to boost U.S. electronics, solar panel production.

The Biden administration will provide up to $325 million to Hemlock Semiconductor for a new factory in Saginaw County, Michigan, funded by the CHIPS and Science Act. This investment aims to create 180 manufacturing jobs and boost production of hyper-pure polysilicon, essential for electronics and solar panels. Construction is set to start in 2026, with production beginning in 2028, marking a significant step in revitalizing the U.S. semiconductor industry.

October 21, 2024
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