US SET TO AWARD HEMLOCK SEMICONDUCTOR $325 MILLION FOR POLYSILICON PRODUCTION

The U.S. Commerce Department said Monday it plans to award $325 million to Hemlock Semiconductor to significantly expand production capacity of semiconductor-grade polysilicon as it seeks to shift the chips supply chain.

The government grant from the $52.7 billion semiconductor manufacturing and research subsidy program would support construction of a new manufacturing facility on the company's existing site in Hemlock, Michigan.

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