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The company’s investment ensures a long-term commitment to produce a critical component of the semiconductor supply chain in Michigan, USA.
Governor Gretchen Whitmer joined business, state and local officials today in celebrating the cutting of the ribbon at semiconductor wafer manufacturer SK Siltron CSS’s new manufacturing facility in Bay City. His $300 million investment in the company reinforces SK Siltron’s commitment to Michigan and further strengthens Michigan’s leadership role in his chain of domestic semiconductor supplies.
“SK Siltron’s commitment to Michigan will help bring the semiconductor supply chain back home, reduce shortages and delays, and create high-paying jobs for Bay City Michigans. , electric vehicles, solar panels, smartphones, etc. You can’t let China dominate this market.Michigan is more likely to invest this $300 million than some other states. We are proud to have been selected because Michigan has a skilled workforce, a growing economy, and a strong business-friendly environment that will help attract projects from one of the world’s most innovative companies. I will work with anyone to bring our supply chain home, strengthen our high-tech manufacturing leadership, and create opportunities for Michigan citizens everywhere.”
Bay County-based SK Siltron CSS has announced plans to expand production of much-needed silicon carbide wafers in August 2021. This wafer is considered the future of the industry due to its ability to efficiently transfer energy. The company chose Michigan over competing states because of its skilled workforce and proximity to automakers. The project, supported by a $1.5 million Michigan Business Development Program grant, is expected to create a total of 150 jobs. To date, the company has hired over 100 employees for new positions.
“SK Siltron CSS is thrilled to expand our presence in Michigan and strengthen our commitment to the Bay City community at large, while creating well-paying jobs and new investment opportunities. Our strong local partners have allowed us to aggressively expand our business in the region.The support we have received is truly unparalleled.This major investment in Bay City is a great asset not only to our customers but also to our , which will further increase the level of trust across the electric vehicle value chain and accelerate the pace of EV adoption.”
Demand for power semiconductors is growing rapidly as automakers enter the electric vehicle market and telecom companies expand their 5G capabilities. SK Siltron CSS manufactures special wafers made of Silicon Carbide (SiC) that can be used in electric vehicles. SiC wafers are more efficient at high power handling and heat transfer than regular silicon. When used in EV system components, this property enables efficient transfer of electricity from the battery to the motor, increasing EV mileage by 5-10%.
The project will bring high-paying jobs in high-tech manufacturing, from semi-skilled operators to engineers, and continue to strengthen Michigan’s automotive, mobility, and advanced manufacturing industries. The semiconductor industry already contributes $4.6 billion to Michigan’s total regional project value, making Michigan one of the nation’s top states for semiconductor manufacturing. The addition of new jobs and this significant investment by SK Siltron CSS in Michigan solidifies the company’s presence and creates a stronger path for future investments here in the state.
Today’s celebration comes just one month after President Joe Biden attended a virtual signing event for the state’s CHIPS law enforcement directive. President Biden was joined online by Senators Debbie Stabenow and Senator Gary Peters, and at Hemlock Semiconductor’s manufacturing facility in Thomas Township by Michigan Governor Gretchen Whitmer and Congressman Dan Kildee. participated directly. The executive order marks an important step to increase domestic chip production closer to automakers and other manufacturers, foster innovation, reduce inefficiencies and avoid costly delays.
To learn more about how Michigan is poised to play an even bigger role in the U.S. semiconductor industry, please visit https://www.michiganbusiness.org/semiconductor/.
About the Michigan Economic Development Corporation (MEDC)
The Michigan Economic Development Corporation is the state’s marketing arm and a leading advocate for business development, employment awareness, and community development focused on Michigan’s economic growth. For more information about MEDC and its initiatives, please visit www.MichiganBusiness.org. For Pure Michigan® tourism information, start your trip at www.michigan.org.Join the conversation: Facebook Instagram LinkedIn, and twitter.
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