Global Trade Alert
Global Trade Alert

United States of America: Department of Commerce awards USD 75 million to support the development of advanced semiconductor packaging substrates

Announcement

05 Dec 2024

In December 2024, the Department of Commerce awarded Absolics, a subsidiary of the Korea-based SKC, up to USD 75 million in direct funding to support the construction of a new facility in Covington, Georgia, for the development of advanced semiconductor packaging substrates.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

05 Dec 2024

Revocation date:

No revocation date

Financial grant In force

On 5 December 2024, the Department of Commerce announced the award of up to USD 75 million in grants to Absolics, a subsidiary of the Korea-based SKC. This funding supports the construction of a 120'0...

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