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Absolics, feds agree to PMT providing $75 million in federal funding

A proposed semiconductor plant in Covington is set to receive $75 million in federal funding. On Thursday, May 23, the Biden-Harris administration announced that Absolics Inc., an affiliate of the South Korea-based SKC, and the U.S. Department of Commerce have agreed to a non-binding preliminary memorandum of terms (PMT) that will provide up to $75 million in federal funding.

Leo's Concord Fund registers to lobby

It marks the latest expansion of the political agenda of the web of groups connected to Leo.

SKC to buy stake in US chip packaging startup Chipletz

SKC Co., a South Korean manufacturer of secondary battery parts and advanced materials, said Monday it is acquiring a stake in a US semiconductor packaging startup as it accelerates the drive for chip post-processing. The investment in Chipletz, an Austin-based fabless company, will give SKC an approximately 12 percent stake in the US firm through a Series B funding, the Seoul-based company said in a release. SKC did.

SKC to Buy Stake in U.S. Chip Packaging Startup Chipletz

SKC Takes Over Semiconductor Test Equipment Maker in Push for Chip Components