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Michigan was chosen for the project over sites in Georgia, North and South Carolina, Tennessee, and Texas for its talent and proximity to automakers. The project is expected to generate a total capital investment of $302 million and create up to 150 jobs, supported by a $1.5 million Michigan Business Development Program performance-based grant. The company is acquiring and rehabilitating a facility in Monitor Township (near Bay City) to support its growth. SK Siltron CSS plans to expand production of much-needed silicon carbide wafers, considered the future of the industry because of their ability to efficiently transfer energy. The demand for power semiconductors is rapidly increasing as automakers enter the electric vehicle market and telecommunication companies expand 5G capabilities. The company is a subsidiary of SK Siltron, an operating company of South Korea's SK Group. SK Siltron CSS, headquartered in Auburn, Michigan, is a manufacturer of semiconductor wafers used in power system components. New semiconductor wafer manufacturing/R&D facility in Monitor Township to create 150 jobs, underscore Michigan's leadership role in semiconductor supply chain "These projects are further proof that Michigan is a place where technology, research and innovation are paired with a fierce work ethic that creates economic opportunities for businesses of all sizes." "Today's actions show our continued focus on jumpstarting Michigan's economy by creating good-paying jobs, building on our state's advanced manufacturing and tech sectors, and supporting transformational placemaking efforts in communities," said Governor Whitmer. Together, these projects also build on the Governor's announcements this week to invest $2.1 billion to strengthen the state's middle class, support Michigan businesses and increase affordable housing in communities to usher in a new era of economic prosperity for Michigan. The projects include efforts to bring new semiconductor wafer manufacturing and R&D operations to the state which will help the auto industry by producing more of the chips they need right here in Michigan, as well as support for additional workforce housing projects in Detroit neighborhoods. Governor Gretchen Whitmer joined the Michigan Economic Development Corporation (MEDC) to announce economic assistance for projects approved by the Michigan Strategic Fund Board today that will create 150 new jobs and generate more than $500 million in investment in Michigan.