US WILL AWARD TAIWAN'S GLOBALWAFERS UP TO $400 MLN TO BOOST US SEMICONDUCTOR WAFER PRODUCTION

The U.S. Commerce Department said on Wednesday it planned to award Taiwan's GlobalWafers up to $400 million in government grants to significantly increase production of silicon wafers. The funds for projects in Texas and Missouri would establish the first U.S. production of 300-mm wafers for advanced semiconductors and expand production of silicon-on-insulator wafers.

The wafers are a crucial component of advanced semiconductors and part of the Biden administration's efforts to boost the chips supply chain. The planned subsidy would support $4 billion in planned investments by GlobalWafers in both states to construct new wafer manufacturing facilities and create 1,700 construction and 880 manufacturing jobs.

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