.The federal government will spend $75 million to help build a factory making glass parts for computer chips. The U.S. Department of Commerce announced the investment Thursday in Absolics. That's a subsidiary of South Korea’s SK Group. The plant in Covington, Georgia, was announced in 2021.
COVINGTON, Ga. — The federal government will spend $75 million to help build a factory making glass parts for computer chips.
The plant in Covington, Georgia, was announced in 2021. At the time, it was supposed to cost $473 million and hire 400 workers. The Department of Commerce said this is the first time the CHIPS and Science Act has been used to fund a factory making a new advanced material for semiconductors. The 2022 federal law authorized the spending of $280 billion to aid the research and manufacturing of semiconductors in the United States.
South Korea Government General News GA State Wire United States U.S. News Georgia Technology A Covington Business F N Jon Ossoff U.S. News
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