Federal authorities are giving up to $75 million in federal tax dollars to a private company to help Georgia semiconductor manufacturing.
The money, part of the roughly $54 billion CHIPS Act of 2022, will go to Absolics, a subsidiary of South Korea’s SKC, to support the construction of a 120,000-square-foot facility in Covington. Officials said the project should create roughly 1,200 manufacturing and construction jobs.
Feds Send $75 Million for Georgia Semiconductor Manufacturing Plant
