Biden administration awards $325 million to Hemlock Semiconductor for Michigan factory

The Biden administration said Monday that it would provide up to $325 million to Hemlock Semiconductor for a new factory, a move that could help give Democrats a political edge in the swing state of Michigan ahead of election day.

The funding would support 180 manufacturing jobs in Saginaw County, where Republicans and Democrats were neck-and-neck for the past two presidential elections. There would also be construction jobs tied to the factory that would produce hyper-pure polysilicon, a building block for electronics and solar panels, among other technologies.

Commerce Secretary Gina Raimondo said on a call with reporters that the funding came from the CHIPS and Science Act, which President Joe Biden signed into law in 2022. It’s part of a broader industrial strategy that the campaign of Vice President Kamala Harris, the Democratic nominee, supports, while Republican nominee Donald Trump, the former president, sees tariff hikes and income tax cuts as better to support manufacturing.

“What we’ve been able to do with the CHIPS Act is not just build a few new factories, but fundamentally revitalize the semiconductor ecosystem in our country with American workers,” Raimondo said. “All of this is because of the vision of the Biden-Harris administration.”

A senior administration official said the timing of the announcement reflected the negotiating process for reaching terms on the grant, rather than any political considerations. The official insisted on anonymity to discuss the process.

After site work, Hemlock Semiconductor plans to begin construction in 2026 and then start production in 2028, the official said.

Running in 2016, Trump narrowly won Saginaw County and Michigan as a whole. But in 2020 against Biden, both Saginaw County and Michigan flipped to the Democrats.


This story corrects the day of the announcement to Monday, not Tuesday.

—Josh Boak, Associated Press

https://www.fastcompany.com/91213570/biden-administration-hemlock-semiconductor-michigan-factory?partner=rss&utm_source=rss&utm_medium=feed&utm_campaign=rss+fastcompany&utm_content=rss

Vytvorené 9mo | 21. 10. 2024, 23:10:14


Ak chcete pridať komentár, prihláste sa

Ostatné príspevky v tejto skupine

Trump’s ‘AI Action Plan’ smoothes the way for a bulked-up electrical grid

Welcome to AI DecodedFast Company’s weekly newsletter that breaks down the most important news in

24. 7. 2025, 18:20:06 | Fast company - tech
Time anxiety is ruining your life. It doesn’t have to

Chris Guillebeau spent years racing against time, visiting all 193 countries before he turned 35, hosting annual gatherings of thousands, and writing bestsellers like The $100 Startup. Bu

24. 7. 2025, 13:40:04 | Fast company - tech
This free site is like Google Maps for local food discovery

As my family settles into a whole new city and community, I’ve been eagerly exploring a variety of sites and services for discovering new gems and getting to know our area. And while our recent cr

24. 7. 2025, 11:20:08 | Fast company - tech
He helped kids be creative. Now, he wants to do the same for CEOs

More than a decade ago, Pramod Sharma set out to make learning more engaging. Through

24. 7. 2025, 11:20:07 | Fast company - tech
This tool lets users send fake legal letters that look real—without a lawyer

If you can’t afford a lawyer, it turns out there’s nothing stopping you from sending a scary-looking letter that, at first glance, seems to come from one—and hoping the recipient doesn’t read the

24. 7. 2025, 9:10:03 | Fast company - tech
9 essential Perplexity AI search tips and tricks

All right, settle in, folks, because today we’re going to try to out-Google Google with the next generation of search: Perplexity.

So, what exactly is

24. 7. 2025, 6:40:07 | Fast company - tech