U.S. Department of Energy finalizes the ATVM loan following evaluations of business viability and financial stability after conditional approval in February.

ATVM loan will increase production capacity and create up to 200 new jobs at CSS’ Bay City, Michigan Facility.

Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY), a global leader in semiconductor technology specializing in power systems and IoT, has formalized an agreement with silicon carbide (SiC) supplier SK Siltron CSS.

Qorvo® and SK Siltron CSS Announce Long-Term Silicon (globenewswire.com)

SK Siltron CSS: Powering the Future of Electric Vehicles

Ribbon Cutting of New Bay City, Michigan Manufacturing Facility

BAY CITY, MI – Representatives and business leaders from both the United States and South Korea gathered in Bay County on Wednesday, March 16 to commemorate the 10th anniversary of the U.S. Korea Free Trade Agreement (KORUS) while celebrating the growth of a high-tech industry in Bay County.

SK Siltron CSS announced plans to invest $300 million and create up to 150 high-paying, skilled jobs in Bay County, Mich., over the next three years to provide manufacturing and R&D capabilities of advanced materials for electric vehicles.

SK Siltron CSS announced Wednesday plans to invest $300 million and create up to 150 high-paying, skilled jobs in Bay County, Michigan, which is a couple of hours north of Detroit, the country’s first automaking haven.

SK Siltron's U.S. unit will announce on Wednesday it plans to invest $300 million in Michigan to expand its silicon carbide wafer manufacturing and add 150 jobs to support U.S. electric vehicle production, the company's chief executive told Reuters.