Absolics to receive $75 million from the CHIPS Act to support semiconductor manufacturing in Georgia
Absolics has announced that it will receive up to $75 million from the CHIPS and Science Act. The Federal funding will be used to support the construction of a 120,000-square-foot facility in Covington, Georgia. Additionally, the money would be used to aid in the development of substrates technology for use in semiconductor advanced packaging. According to the U.S. Department of Commerce, the “glass substrates produced by Absolics enable smaller, more densely packed, and shorter length connections resulting in faster and more energy efficient computing.” The company, which is a subsidiary of SKC, manufactures glass substrate, an essential component to produce semiconductors.
What people are saying
In a recent quote, Absolics CEO Jun Rok Oh said, “With the support of this proposed CHIPS funding, Absolics will be able to fully commercialize our pioneering glass substrate technology for use in high-performance computing and cutting-edge defense applications. This effort is crucial in establishing a robust semiconductor advanced packaging ecosystem in the State of Georgia and restoring the U.S.’s leadership in semiconductor industry. Our new facility in Covington will not only enhance our ability to produce high-quality glass substrates but also create high-skilled jobs and drive innovation through our partnership with Georgia Tech.”
Senator Jon Ossoff added, “This is a great day for Georgia’s economic development. When we set out to pass the bipartisan Chips Act through Congress, it was with this exact goal in mind. This historic Federal investment will create Georgia jobs, support U.S. national security, and bring more advanced manufacturing to our state.”
In a press release, U.S. Secretary of Commerce Gina Raimondo said, “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. 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.”
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Investing in American manufacturing in 2024
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