SK Siltron CSS, a semiconductor manufacturer has announced to open a new manufacturing facility in the Bay City, Michigan. Moreover, the new facility will bring an investment of $300 million to the Michigan State. In addition, there is a projection that the investment is likely to create 150 new jobs.
Announcement by Gov. Whitmer
SK Siltron conducted a ceremony to celebrate the ribbon cutting at the new facility in Bay City. Importantly, Governor Gretchen Whitmer joined business, state and local officials during the ceremony. SK Siltron has opted for Michigan for development of their new manufacturing facility. Furthermore, the establishment of this facility will build on Michigan’s leadership role in the high-tech semiconductor supply chain.
“SK Siltron’s commitment to Michigan will help us bring the semiconductor supply chain home, cut down shortages and delays, and create good-paying jobs for Michiganders in Bay City. The products SK Siltron manufactures are the building blocks of countless products and industries: electric vehicles, solar panels, smartphones, and so much more—we cannot let China dominate this market. I am proud that Michigan will have this $300 million investment over several other states, proving that we have the skilled workforce, growing economy, and strong business-friendly environment conducive to attract projects from one of the world’s most innovative companies. I will work with anyone to keep bringing supply chains home, build on our high-tech manufacturing leadership, and create opportunity for Michiganders in every region.” Governor Whitmer said in his statement.
$1.5 million support grant
In addition to $300 million investment, the project will get a support of $1.5 million Michigan Business Development Program performance-based grant. Significantly, Siltron chose Michigan project over sites in Georgia, North and South Carolina, Tennessee, and Texas. The company stated that Michigan’s talent and its proximity to automakers was the reason for their decision. In addition, the project is expected to bring 150 new jobs in Michigan. Moreover, they will offer high-wage jobs in tech manufacturing. These jobs will range from semi-skilled operators to engineers.
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