Hemlock, Mich. – Yesterday, the U.S. Department of the Treasury (Treasury) and Internal Revenue Service (IRS) released additional guidance on the Inflation Reduction Act’s domestic content bonus credits. Hemlock Semiconductor (HSC) SVP of Commercial Phil Rausch released the below statement following the announcement:
“We commend Treasury’s recent guidance on the domestic content bonus credits, particularly its emphasis on incentivizing U.S. solar wafer production. This crucial step is the missing link in a robust domestic supply chain, ensuring key materials for our energy infrastructure are made in America. For HSC, this is an exciting opportunity to build a strong U.S. customer base, strengthening American manufacturing and energy independence. Prioritizing U.S. wafer production ensures a robust domestic supply chain, creates high-quality jobs, spurs innovation and cuts costs nationwide. We are excited to see this policy unlock new opportunities and look forward to working with Congress and the incoming administration to further support advanced manufacturing in the United States.”
About Hemlock Semiconductor
Hemlock Semiconductor Operations (HSC) is a leading provider of hyper-pure polycrystalline silicon and other silicon-based products used in the manufacture of semiconductor devices, solar cells and modules. At HSC, we’re passionate about silicon-based technology and its unique potential to connect and energize the world we share. HSC’s polysilicon enables customers to produce high-tech electronics and solar energy, and our efficient manufacturing process delivers products with an ultra low-carbon footprint. HSC began operations in 1961 and is owned by Corning Incorporated and Shin-Etsu Handotai.
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