US EditionPentagon announces $18M critical mineral award to Utah semiconductor producer
3 Articles
3 Articles
Pentagon announces $18M critical mineral award to Utah semiconductor producer
The Defense Department today announced it made an $18.1 million award to a U.S. semiconductor and materials producer, which would allow the company to expand domestic capacity for germanium metal refining at its St. George, UT facility. The Pentagon issued the Defense Production Act Title III award -- which includes funding from the Additional Ukraine Supplemental Appropriations Act of 2022 -- in mid-December but had to delay announcing it thank…
The action of the Montreal producer of specialized semiconductors 5N Plus jumped by 19% at the end of the session Thursday in Toronto after the announcement of an investment of US$18 million from the US Department of Defense, also known as the Pentagon, or the War Department by the Trump administration.
This investment will allow the company to increase its Germanium refining capacity. The post 5N Plus takes nearly 20% after the announcement of an investment of $18.1M US from the Pentagon appeared first on Les Affaires.
Coverage Details
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
