Samsung SDI Invests $20 Million in Forge Nano as It Seeks US Defense Battery Supply
Updated
Updated · Bloomberg · Jun 25
Samsung SDI Invests $20 Million in Forge Nano as It Seeks US Defense Battery Supply
1 articles · Updated · Bloomberg · Jun 25
Summary
$20 million from Samsung SDI will fund Forge Nano alongside engineering support, with the U.S. startup planning a North Carolina plant to make battery cells for defense and aerospace customers.
The deal also commits Samsung to buy Forge Nano cells, giving the South Korean battery maker a U.S.-made supply source that can help it avoid tariffs.
American production and sourcing are central to the tie-up because upcoming U.S. rules aim to remove Chinese materials from the military supply chain.
For Forge Nano, Samsung's capital and manufacturing expertise could accelerate the scale-up of its battery technology as defense demand for compliant domestic cells grows.