other material
confidence high
sentiment positive
materiality 0.75
Forge Nano partners with Samsung SDI to build US battery Gigafactory; production expected 2028
Archimedes Tech SPAC Partners II Co.
- Forge Nano to build 3 GWh/year NC Gigafactory with Samsung SDI support; manufacturing starts 2028.
- Samsung SDI signs conditional procurement agreement to purchase cells from facility starting 2028.
- Forge Nano becomes authorized U.S. distributor of Samsung SDI battery cells.
- Forge Nano investing $300-$330M, backed by $100M DOE grant; facility to produce both companies' cells.
- Samsung SDI to incorporate Forge Nano's Atomic Armor ALD coating into future battery products.