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SK Siltron CSS secures conditional commitment from US DOE for $544m loan
What happened
SK Siltron CSS has secured a conditional commitment for a $544 million loan from the U.S. DOE to support its expansion in compound semiconductor wafer production. This funding is part of the U.S. government's push to bolster domestic supply chains for critical technologies like electric vehicles and renewable energy. Watch: This long-term capacity expansion could increase future supply of SiC/GaN wafers, but the immediate trading impact is uncertain pending final loan approval and construction timelines.
Impact and signal
Medium impactImpact score: 55/100
Affected components and suppliers
SiC WafersGaN Wafers
SK Siltron CSS
capacity-expansionpolicy-supportcompound-semiconductor
Source and time
Source: Semiconductor Today · 2/22/2024 · View original source
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