South Korean semiconductor wafer manufacturer SK siltron, which is building a silicon carbide (SiC) wafer plant for next-generation power semiconductors in Michigan, U.S., will receive a subsidy worth $77 million (about 105 billion won) from the state government. The additional support from the state comes just two months after the company received $544 million (about 72 billion won) in loans from the U.S. government.
On Apr. 11, SK siltron announced that it would receive $77 million (about 105 billion won) in support from the state of Michigan. The amount is a combination of investment subsidies and tax incentives.
SK siltron is expanding its SiC wafer plant in Bay City, Michigan, USA. SiC wafers are the core material for next-generation power semiconductors, mainly used in electric vehicles and energy storage systems (ESS). SK siltron CSS, the US subsidiary of SK siltron plans to complete the expansion of its Bay City-based plant by 2027 with the funds from the U.S. government and the state.
