Merck KGaA's electronics subsidiary has pledged $300 million toward expansion project
Company officials say the site houses a research center and synthesizes materials that form core building blocks of transistors, a component of microchips.
A German company has pledged to invest $300 million into a Schuylkill County, Pennsylvania, site for specialty gas production as the region tries to woo the semiconductor industry. Gov. Josh Shapiro, who attended the announcement at the site in Schuylkill County, pledged more than $1 million in state grants for the expansion."This industry is huge and its growth potential is enormous, and it is key to our economy and to our national security," Shapiro told a news conference.
Chip manufacturers are spending hundreds of billions of dollars to build new factories and expand production in the United States, fueled partly by federal subsidies designed to revive domestic production of computer chips.
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