Hemlock Semiconductor secures direct funding under CHIPS Act

Chip firm Hemlock Semiconductor (HSC) has secured up to $325 million in proposed direct funding from the Department of Commerce under the CHIPS and Science Act. The funding is intended to shore up the production of semiconductor-grade polysilicon, a a highly pure form of silicon that is used in semiconductors and solar panels. It is the physical substance that gives chips their semiconductor properties and is therefore necessary for the production of microprocessors, artificial intelligence chips, memory, and power devices.

“HSC is proud to be a manufacturing powerhouse for two vital industries of the future – semiconductor and solar. Bolstered by the CHIPS Act, we are planning for a once-in-a-generation investment in advanced technologies to continue serving as a top polysilicon supplier to the leading-edge semiconductor market,” said HSC chairman and CEO, AB Ghosh.

“Our customers want high quality and sustainably made polysilicon. This proposed investment demonstrates that the Biden-Harris Administration, Governor Whitmer, and our Michigan congressional champions understand HSC’s unique ability to meet those demands and our crucial role in strengthening American interests. As the United States works to reshore critical supply chains, we hope to make additional investments.”