Merck KGaA to Invest $327 Mln in Pennsylvania Site Expansion MarketWatch
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.