Commerce Department Signs Preliminary Agreement with Korean Affiliate

The semiconductor component manufacturing company will build U.S. facility.

The Department of Commerce signed a preliminary memorandum of terms with Absolics, an affiliate South Korean company that produces the glass substrate necessary to manufacture semiconductors. Under the proposal, President Biden’s administration would provide Absolics with $75 million to construct a 120,000-square-foot manufacturing facility for glass substrate in Covington, Georgia. It is estimated this will create 1,200 jobs in the area.

Secretary Gina Raimondo stated, “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.”

As the Lord Leads, Pray with Us…

  • For Commerce Secretary Raimondo as she promotes the manufacturing of semiconductor components.
  • For the president and administration officials as they advance the CHIPS and Science Act provisions.

Sources: Department of Commerce, Executive Gov


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