Hemlock awarded grant for polysilicon

Hemlock Semiconductor is set to receive a $325 million grant from the federal government through the CHIPS and Science Act to expand polysilicon production. If finalized, the grant would fund a new polysilicon plant at an existing site in Hemlock, Michigan. The company says the plant would primarily supply chipmakers. On a conference call, executives from Hemlock’s parent company, Corning, said that they’re still evaluating the cost of the project and that it wouldn’t begin operating until 2027.