SIBELCO TO INVEST HUNDREDS OF MILLION IN NORTH CAROLINA SEMICONDUCTOR MANUFACTURING

What happened: U.S. Commerce Secretary Howard Lutnick announced at a Greenville, North Carolina rally that Sibelco will build quartz and silicon manufacturing in the state to support semiconductor manufacturing. Key numbers: Investment described as "hundreds of millions of dollars." Announced Tuesday evening. Why it matters: The announcement places a global industrial minerals supplier's quartz production, described by Lutnick as the foundation of semiconductors, in North Carolina.

U.S. Commerce Secretary Howard Lutnick announced at a Greenville, North Carolina rally that Sibelco will build quartz and silicon manufacturing in the state to support semiconductor manufacturing.

The announcement places a global industrial minerals supplier's quartz production, described by Lutnick as the foundation of semiconductors, in North Carolina.