On July 14, SK Siltron CSS announced that it plans to invest 300 million US dollars to expand silicon carbide wafer manufacturing and R&D capabilities in the United States.
The predecessor of SK Siltron CSS was DuPont's SiC division. In 2019, SK Siltron acquired it for US$450 million. After the acquisition, the number of employees has doubled, and there are currently approximately 130 employees.
SK Siltron is part of South Korea`s SK Group. SK Group`s global annual revenue totals US$119 billion. SK Hynix is the world’s second largest memory chip manufacturer. So far, SK Group has invested billions of US dollars in the United States.