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Technologies / Automotive Automotive

Department of Commerce Awards CHIPS Incentives to a Subsidiary of Korea Zinc (Crucible Metals) to Support a State-of-the-Art Smelter and Critical Minerals Processing Facility in the United States

Source: nistElectronics December 15, 2025 · 04:00
Department of Commerce Awards CHIPS Incentives to a Subsidiary of Korea Zinc (Crucible Metals) to Support a State-of-the-Art Smelter and Critical Minerals Processing Facility in the United States
Photo by Markus Winkler · Pexels
From the publisher
The Department of Commerce’s CHIPS Program awarded $210 million in direct funding under the CHIPS and Science Act to a subsidiary of Korea Zinc — Crucible Metals, LLC — to support an advanced smelter and critical minerals processing facility in Tennessee with an expected $6.6 billion of capital expenditures. The state-of-the-art smelter and critical minerals processing facility will produce 13 critical and strategic minerals that are vital to semiconductors, AI, quantum computing, aerospace & defense, automotives, and industrials.

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