Absolics Breaks Ground on Planned $600 Million Manufacturing Site in Georgia for Breakthrough Semiconductor Material

The facility will create more than 400 skilled jobs, strengthening the US semiconductor supply chainIncreases total investment plans to more than $600 millionMaterials developed with Georgia Tech to support the next generation of high-performance computing

Covington, J.A.;And the November 1, 2022 /PRNewswire/ – Absolics, Inc. , a subsidiary of SKC Co., Ltd. Ltd. Today, it laid the foundation stone for a planned $600 million investment in Covington, Ga. , to create a new manufacturing facility that will provide advanced materials for the semiconductor industry in the United States.

Pictured (from left to right) Consulate General of the Republic of Korea Yeonju Park, Director of the 3D Systems Encapsulation Research Center (PRC) at Georgia Institute of Technology Dr. Madhavan Swaminathan, CEO of SKC Won Chul Park, Department of Georgia Economic Development Commissioner Pat Wilson, and Senator John Usoff, Absolics CEO John Oh, Mayor of Covington, Steve Horton, and Newton County Sheriff Marcelo Banes.

This investment will create more than 400 highly skilled jobs in Georgia and help strengthen the semiconductor supply chain in the United States by manufacturing a new material that supports next-generation computing systems.

The Absolics site in Georgia will make a glass substrate — a thin layer of glass on which processing and memory chips can be fitted together to create the brains of a computing system. The material reduces the space required for a multi-chip package, allowing more chips to be packed into one machine.

The glass substrate is a breakthrough because it can greatly increase the performance and energy efficiency of the chips. SKC and Absolics originally developed the technology as part of a research consortium with the Georgia Institute of Technology. The launch material is expected to be the first in the world to mass-produce the material.

The planned investment announced on the groundbreaking day, which was attended by officials including Senator John Osoff and Georgia Economic Development Commissioner Pat Wilson, is an increase from the $473 million announced in October 2021. SKC and Absolics raised investment expectations based on need To more advanced manufacturing equipment to meet the expected demand.

“Excellent materials will be an integral part of the semiconductor ecosystem in the United States,” said Dr. Wonshol Park, President and CEO of SKC. “We are thrilled to build a factory and create hundreds of jobs that will have a positive impact on the city of Covington and the state of Georgia.”

Also Read :  MiracleWatt Reviews SCAM or LEGIT Does This Device Work?

“I work every day to bring jobs and business to the state of Georgia,” Senator Ussoff said. “This new plant will create jobs in Georgia, support the national security of the United States, and bring more advanced manufacturing to our state.”

“The development of Absolute is an exciting opportunity to grow the semiconductor industry in Georgia and the entire United States — a need that grows daily as we plan for an increasingly resilient future,” said Pat Wilson, Commissioner of Georgia’s Department of Economic Development. “Located on SKC’s existing campus in Covington, this new project was born out of research conducted at Georgia Tech, and is the perfect example of how Georgia can engage in innovative solutions for the future. As we continue to build on the long-standing relationship between Georgia and Korea, And our mutual success with SK Group in particular, we thank SKC for their commitment to our partnership. Congratulations to everyone involved in this project!”

Created to drive semiconductor innovation

Absolics was set up last year by SKC, which is the majority owner of the new business. SKC is an operating company of SK Group, South Korea’s second largest conglomerate with global companies in clean energy, semiconductors and life sciences.

The divorcees plan to build the Georgia facility in two phases. Phase one, planned for completion by the end of 2023, will be a $240 million investment that is expected to create 140 jobs and focus on small-scale manufacturing. Mass production at this facility is expected to begin in the second quarter of 2024. The second phase is expected to be an additional investment of $360 million, creating another 270 jobs and scaling up mass manufacturing. This phase is expected to be completed within the next 3-5 years.

Also Read :  Mobile assessment app PainChek forays into hospitals via InterSystems partnership

The material allows more chips in less space

Absolics’ inaugural product will be a thin piece of glass, about 3 x 3 inches, used to pack various semiconductor components together. Processing, memory, and logic chips can be superimposed next to each other on glass to create the core of a computing system.

Today’s standard is to place these chips on a thin layer of silicone that is placed on top of a layer of plastic. The new glass material replaces both layers, which simplifies the manufacturing process and reduces the thickness of the package by almost half. Certain components, such as multilayer ceramic capacitors (MLCC), can be incorporated into the glass substrate, providing more surface area for the chips.

The fill element in the semiconductor industry is becoming more important as companies attempt to reach new levels of performance for their computers. The Absolics product allows for larger processors and up to four times the chipset to be installed in the same space.

The energy efficiency of the glass substrate also reduces total energy consumption by up to 50 percent, resulting in lower costs and environmental impact, especially when applied at scale in large data centers.

Absolics expects the annual production capacity of the first phase to reach 12,000 square meters, with the production capacity of the second phase increasing to 72,000 square meters per year.

Part of the broader US investment SK Group

The SKC Investment and Launch Facility is part of the SK Group’s broader commitment to increase its investments and assets in the United States to more than $50 billion by the end of 2025. The investments are intended to support industries vital to the global economy with a focus in clean energy, semiconductors and life sciences.

Earlier this year, semiconductor chip maker SK Siltron CSS opened a new facility in Michigan as part of a $300 million investment to increase manufacturing capacity for semiconductor chips that can be used in electric vehicle components. SK On, one of the world’s largest electric vehicle battery manufacturers, is investing $2.6 billion in a site in Commerce, Georgia, to manufacture batteries for electric vehicles.

Also Read :  Elon Musk cuts Twitter’s cloud infrastructure budget

About SKC Limited.

Founded in 1976 as a materials specialist, SKC is expanding its business model to focus on high value-added materials in the mobility, semiconductor and environmental fields. In 1996 SKC established a presence in Georgia that has grown into one of the largest manufacturers of polyester film (PET film) in North America. SKC’s Semiconductor Material Business develops and manufactures semiconductors and specialty materials. It also produces chemical mechanical polishing (CMP) pads and basic slurry materials for the semiconductor manufacturing process. SKC is securing future growth drivers by making advances in mobility including copper foil, a primary material for electric vehicle (EV) battery anodes. SKC intends to grow into a “global ESG solutions company” specializing in advanced materials and unparalleled technology, providing new value to customers.

About SK . Group

SK Group, South Korea’s second largest conglomerate, is a group of global industry leaders that drive innovations in semiconductors, sustainable energy, telecommunications and life sciences. Headquartered in Seoul, SK invests in building businesses around the world with a shared commitment to reducing global greenhouse gas emissions and increasing the use of renewable energy.

Combined, SK companies have $139 billion in global annual revenue and employ more than 100,000 people worldwide. SK companies are investing billions of dollars in expanding their presence in the United States through business operations or partnerships in hydrogen energy and fuel cells, electric battery and technology manufacturing, energy storage solutions, drug manufacturing and development, semiconductors, and advanced materials. For more information, visit sk.com.

Cision View original multimedia download content: https://www.prnewswire.com/news-releases/absolics-breaks-ground-on-planned-600-million-manufacturing-site-in-georgia-for-breakthrough-semiconductor-material -301665192.html

SOURCE Absolics, Inc.



Source

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Back to top button