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Lutnick announces investment to boost semiconductor production in North Carolina

Lutnick announces investment to boost semiconductor production in North Carolina
Channel News Asia Wednesday 21 October 2026, 01:01 UTC 1 min read
Key Points

Lutnick announces investment to boost semiconductor production in North Carolina Oct 20 : US Commerce Secretary Howard Lutnick on Tuesday announced a new investment in North Carolina by Sibelco, an industrial minerals mining and processing company, to support semiconductor production. "We're announcing Sibelco is going to build silicon manufacturing. It's quartz manufacturing.

Lutnick announces investment to boost semiconductor production in North Carolina Oct 20 : US Commerce Secretary Howard Lutnick on Tuesday announced a new investment in North Carolina by Sibelco, an industrial minerals mining and processing company, to support semiconductor production. "We're announcing Sibelco is going to build silicon manufacturing. It's quartz manufacturing. It is basically the foundation of semiconductors," he said during a Trump rally in North Carolina. He did not share details but said the investment would be worth "hundreds of millions of dollars."
Lutnick (ORG) North Carolina Lutnick (LOCATION) North Carolina (LOCATION) US (LOCATION) Commerce (ORG) Howard Lutnick (PERSON) Sibelco (ORG) Trump (ORG)
Originally published by Channel News Asia Read original →

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