Conditional $544M loan announced for silicon carbide wafer production at Michigan plant
BAY CITY, Mich. (AP) — The U.S. Department of Energy announced a conditional $544 million loan Thursday that would allow a Michigan semiconductor manufacturing plant to expand to make parts that can bring faster charging times for electric vehicles.The conditional loan for SK Siltron CSS LLC would create up to 200 construction jobs during the expansion of the company's Bay City plant and 200 skilled manufacturing jobs once the site reaches full production of high-quality silicon carbide wafers, the Department of Energy said.The federal agency said there is an inadequate...
