A German supplier of chemicals and materials used in making semiconductors said on Tuesday that it is investing $1 billion in its U.S. operations and forming a joint venture with data analytics firm Palantir Technologies to solve chip industry supply chain problems.

Merck KGaA of Darmstadt, Germany – which uses the name EMD Electronics for its North American electronics business to avoid confusion with the unaffiliated pharmaceutical company of the same name – supplies a range of chemicals used by chip factories, which are expected to expand if U.S. lawmakers pass a US$52 billion aide package to bolster domestic manufacturing.

The company plans to spend US$1 billion through 2025 for sites in Arizona, California, Texas and Pennsylvania.

Read more/Source: Reuters