The Biden-Harris Administration has awarded semiconductor manufacturers Absolics and Entegris with direct funding under the CHIPS and Science Act to support the construction of two new facilities in Georgia and Colorado.
A finalised deal will see Absolics, an affiliate of Korea-based SKC, receive up to $75m, and Entegris receive up to $77m. The news follows two previously signed preliminary memoranda of terms.
US Secretary of Commerce Gina Raimondo commended the Absolics and Entegris announcements, noting the importance they’ll have on the US semiconductor supply chain.
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