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Friday, January 21, 2022

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    SK Silton gets incentives for Michigan semiconductor wafer production

    Michigan’s quasi-government economic development agency on Tuesday approved nearly $6 million in incentives for a semiconductor wafer manufacturer setting up shop near Bay City.

    SK Siltron CSS LLC’s plan to invest almost $303 million in Monitor Township comes amid a global scarcity of semiconductors that has shutdown auto plants and led to shortages of new vehicles and other consumer electronics. The Auburn-based subsidiary of Korean conglomerate SK Group expects to hire up to 150 people from semi-skilled operators to engineers as a part of the rehabilitation and expansion project.

    The Michigan Economic Development Corp.’s governing body also approved incentives for mixed-use buildings in Detroit’s Corktown and Lafayette neighborhoods.

    “Today’s actions show our continued focus on jumpstarting Michigan’s economy by creating good-paying jobs, building on our state’s advanced manufacturing and tech sectors, and supporting transformational placemaking efforts in communities,” Gov. Gretchen Whitmer said in a statement. “These projects are further proof that Michigan is a place where technology, research and innovation are paired with a fierce work ethic that creates economic opportunities for businesses of all sizes.” 

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