Thu 2024-05-23 05:04
1/3
Biden-Harris Administration Announces Preliminary Terms with Absolics to Support Development of Glass Substrate Technology for Semiconductor Advanced Packaging
FOR IMMEDIATE RELEASE
Thursday, May 23, 2024
Media Contact:
Office of Public Affairs, publicaffairs@doc.gov
Biden-Harris Administration Announces Preliminary Terms with Absolics to Support Development of Glass Substrate Technology for Semiconductor Advanced Packaging
Proposed CHIPS Investment Would Support Construction of New Manufacturing Facility and Over 1,200 Jobs in Covington, Georgia
Today, the Biden-Harris Administration announced that the U.S. Department of Commerce and Absolics, an affiliate of the Korea-based SKC, have signed a non-binding preliminary memorandum of terms (PMT) to provide up to $75 million in direct funding under the CHIPS and Science Act to help advance U.S. technology leadership. The proposed CHIPS investment would support the construction of a 120,000 square-foot facility in Covington, Georgia and the development of substrates technology for use in semiconductor advanced packaging. The proposed investment with Absolics is the first proposed CHIPS investment in a commercial facility supporting the semiconductor supply chain by manufacturing a new advanced material.
“An important part of the success of President Biden’s CHIPS program is ensuring the United States is a global leader in every part of the semiconductor supply chain, and the advanced semiconductor packaging technologies Absolics is working on will help to achieve that goal, while also creating hundreds of jobs in Georgia,” said U.S. Secretary of Commerce Gina Raimondo. “Through this proposed investment in Absolics, the Biden-Harris Administration is helping accelerate innovation, advance U.S. technological leadership in semiconductor manufacturing, and generate economic opportunity in the Atlanta area and throughout the state.”
Because of President Biden’s CHIPS and Science Act, this proposed investment would support over an estimated 1,000 construction jobs and approximately 200 manufacturing and R&D jobs in Covington and enhance innovation capacity at Georgia Institute of Technology (Georgia Tech), supporting the local semiconductor talent pipeline. Started through a collaboration with the 3D Packaging Research Center at Georgia Tech, Absolics’ project serves as an example of American lab-to-fab development and production.
“Since Day One of this Administration, President Biden has committed to growing the economy from the middle-out and bottom-up,” said Chief Economist of the Investing in America Cabinet Heather Boushey. “He passed historic legislation to invest in America – the American Rescue Plan, the Bipartisan Infrastructure Law, the Inflation Reduction Act, and the CHIPS and Science Act – rebuilding our infrastructure, lowering costs, and creating opportunities for families, workers, and businesses.
Technology Talent Manager at Lighthouse Technology Services | Connecting tech pros with their next great opportunity! #BeALighthouse
3wThis will be so impactful! Good things to come 👏