TECH - US Commerce Department Grants $75M To Absolics For Semiconductor Facility In Georgia | Benzinga
The U.S. Commerce Department has announced a $75 million grant to Absolics Inc., which manufactures glass substrates for semiconductor packages.
The initiative, under the CHIPS and Science Act, aims to enhance U.S. leadership in technology by building a new facility in Covington, Georgia.
The proposed 120,000-square-foot facility will focus on developing advanced substrate technology for semiconductor packaging, marking the first CHIPS investment in a commercial facility for this purpose.
The project is expected to create 1,000 construction jobs and 200 positions in manufacturing and research in Covington, Georgia.
The plant will supply advanced materials crucial to the country’s semiconductor industry. The funding comes from the U.S. government’s $52.7 ...