Hemlock Semiconductor (HSC) secures largest investment in Michigan from Biden-Harris Administration’s bipartisan CHIPS and Science Act to create jobs, grow Saginaw’s regional economy
LANSING, Mich. (Oct. 21, 2024) — Today, Sen. Kristen McDonald Rivet (D-Bay City) praised the Biden-Harris administration’s approval of $325 million in direct funding to Michigan-based manufacturer Hemlock Semiconductor (HSC) to build a new facility supporting 180 permanent, advanced manufacturing jobs and over a thousand good-paying construction jobs. The investment is made possible through the bipartisan CHIPS and Science Act, which is focused on bringing vital supply chains and good-paying, cutting-edge jobs home to America.
“There’s no better place to make the future of America’s economy than right here in mid-Michigan,” said Sen. McDonald Rivet. “These dollars allow Hemlock Semiconductor, our region, and nation to solidify global leadership in a vital high-tech industry. By increasing homegrown production of a crucial part of countless supply chains, we’re simultaneously strengthening national security and domestic advanced manufacturing. The return on this investment, and all the high-paying jobs it will generate, will have a positive impact on mid-Michigan families now and for generations to come.”
New HSC Production Facility
Hemlock Semiconductor is one of the largest producers of hyper-pure polysilicon, a critical material for electronics and solar panels, and is the only one headquartered in America. In a growing global economy, HSC has established Michigan as a leader at the forefront of innovation and technology, with nearly every electronic device in the world containing HSC polysilicon. The proposed production facility will increase HSC’s manufacturing capacity to support the semiconductor supply chain right here in Michigan.
Largest CHIPS Investment in Michigan
The proposed funding represents the largest CHIPS and Science Act investment in Michigan to date. With today’s announcement, Michigan has received nearly $1.5 billion of investments in semiconductor and electronics manufacturing. CHIPS investments have directly led to more than $30 billion of advanced manufacturing projects in the United States, spanning 15 states.
This investment, paired with a $40 million match from the Make It In Michigan Competitiveness Fund, will help attract top talent, support sustainable economic growth, and ensure the technologies we rely on every day are built in America. Including the investments announced today, the Competitiveness Fund has invested $185.9 million, leveraging $961 million in federal funds, a return on investment of more than 5:1.
For more information about the Make It in Michigan Competitiveness Fund and how to apply for funding or technical assistance, please visit www.michigan.gov/whitmer/issues/michigan-infrastructure-office.
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