SK SILTRON

PROJECT SUMMARY 

In October 2024, LPO announced the closing of a $544 million loan to SK Siltron CCS, LLC to expand American manufacturing of high-quality silicon carbide (SiC) wafers for electric vehicle (EV) power electronics. SiC semiconductors are designed for high-voltage use and are critical components of EV drivetrains, including inverters, and electrical distribution systems like onboard chargers and DC-to-DC converters. Located in Bay City, Michigan, the SK Siltron CCS facility is projected to be among the top five manufacturers of SiC wafers globally, boosting America’s manufacturing competitiveness and expanding our global leadership in the clean energy technologies of the future. 

TECHNOLOGY INNOVATION  

SiC semiconductors allow for higher efficiency and higher voltage, which can mean faster charging times and up to 10% longer range when compared with traditional silicon semiconductors. However, semiconductors made from high-quality SiC wafers are required to maximize these performance improvements. 

ECONOMIC IMPACT 

The project is expected to create up to 200 construction jobs in the build-out phase and up to 200 skilled, good-paying operations jobs at full production at the SK Siltron CSS facility located in Bay City, Michigan.   

SK Siltron CCS will prioritize supporting STEM education in the surrounding area to ensure that the local community has access to opportunities at the company. SK Siltron’s job offerings will include a variety of construction and operations jobs with competitive wages, on-the-job training, and premium healthcare and other benefits. They will partner with Delta College, a local community college through the Michigan New Jobs Training Program to train local workers and create a local talent pipeline for success in SiC wafer manufacturing.