Samsung Teams Up With US Battery Startup Seeking Pentagon Cash (opens original article in a new tab)

Samsung partners with US battery startup Forge Nano, investing $20 million and planning to buy cells from it, as both seek to build a US-based supply chain for defense and aerospace industries.

• Samsung SDI Co. will provide $20 million and engineering support to Forge Nano Inc. for a North Carolina battery plant
• Forge Nano seeks $275 million in Pentagon loans and has a $100 million DOE grant for its battery factory
• Samsung will buy 250 MWh of cells annually from Forge Nano starting 2028 to avoid Chinese material restrictions