Reuters reports that Merck, a German supplier of chemicals and materials used in making semiconductors 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 uses the name EMD Electronics for its North American electronics business to avoid confusion with the unaffiliated pharmaceutical company of the same name.
Merck supplies a range of chemicals used by chip factories, which are expected to expand if U.S. lawmakers pass a $52 billion aide package to bolster domestic manufacturing.
The company plans to spend $1 billion through 2025 for sites in Arizona, California, Texas and Pennsylvania.
Merck KGaA is forming a joint venture with analytics firm Palantir.
The joint venture will aim to pull in data from material and chemical suppliers on one side and chip factories from the other and analyze it to improve efficiency.