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High Impact Business Attraction Win
HIGH IMPACT BUSINESS ATTRACTION WIN
With demand for power semiconductors rapidly increasing, global semiconductor wafer manufacturer SK Siltron CSS chose Michigan over competing states to expand production of much-needed silicon carbide wafers considered the future of the industry.
The company expansion near Bay City will generate a capital investment of $302 million and create 150 jobs with support from the Michigan Strategic Fund.
"SK Siltron's investment in Michigan is a clear example of how top attraction projects are finding opportunities to grow in the state, underscoring and strengthening Michigan's leadership position in electric vehicle R&D and manufacturing," said Quentin Messer, Jr., CEO of the MEDC and President and Chair of the Michigan Strategic Fund.