Merck KGaA to Invest $327 Million in Pennsylvania Site Expansion
12 Abril 2023 - 7:51AM
Dow Jones News
By Adria Calatayud
Germany's Merck KGaA said Wednesday that it plans to invest
roughly 300 million euros ($327.4 million) at its site in Hometown,
Penn., to support an expansion of manufacturing capacity for the
semiconductor industry.
The life-sciences and electronics company said the investment is
part of a EUR3 billion program launched in 2021.
"Despite near-term cautions due to the industry's cyclical
nature, the demand for semiconductor materials remains very
promising long term," Merck's electronics business Chief Executive
Kai Beckmann said.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
April 12, 2023 06:36 ET (10:36 GMT)
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