Forge Nano Breaks Ground on “America's Battery Gigafactory” to Strengthen U.S. Defense Supply Chains
Forge Nano, which has agreed to merge with Archimedes Tech SPAC Partners II Co. (NASDAQ: ATII), held a groundbreaking for an expanded lithium-ion battery manufacturing facility in Morrisville, North Carolina. The DOE-backed site is expected to reach nearly 315,000 square feet, create more than 250 jobs, and scale domestic battery capacity to up to 3 GWh annually, with Samsung SDI providing strategic investment and manufacturing expertise.
Why it matters — This milestone advances the business operations of the company that ATII is set to merge with, giving ATII watchers a concrete signal of progress toward the combined entity's growth and domestic manufacturing strategy.