PartnershipJun 25, 2026, 05:16 PM
Forge Nano Partners with Samsung SDI for US Battery Production
AI Summary
Forge Nano, which is set to merge with Archimedes Tech SPAC Partners II Co. (ATII), announced a strategic partnership with Samsung SDI. This collaboration involves Forge Nano constructing a 3 GWh per year advanced battery manufacturing facility in Morrisville, North Carolina, with Samsung SDI providing operational and manufacturing support. Production is slated to begin in 2028, with Samsung SDI committing to a conditional procurement contract for cells and Forge Nano becoming an authorized U.S. distributor for Samsung SDI cells. Forge Nano's investment of $300-$330 million for the Gigafactory is partially offset by a $100 million grant from the Department of Energy.
Key Highlights
- Forge Nano to construct a 3 GWh per year Gigafactory in North Carolina with Samsung SDI support.
- Samsung SDI will provide operational and manufacturing support for the Gigafactory.
- Gigafactory production of Samsung SDI battery cells is expected to begin in 2028.
- Samsung SDI signed a conditional procurement contract to purchase cells from the Gigafactory starting 2028.
- Forge Nano becomes an authorized distributor of Samsung SDI cells within the U.S. market.
- Forge Nano is investing $300-$330 million, subsidized by a $100 million Department of Energy grant.
- Samsung SDI is accelerating efforts to incorporate Forge Nano's Atomic Armor technology into future battery products.
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