U.S. Grants $400 Million to GlobalWafers to Boost Domestic Semiconductor Production

The U.S. Commerce Department announced plans to award Taiwan's GlobalWafers up to $400 million in grants to increase production of silicon wafers. This initiative aims to boost the domestic semiconductor supply chain. Projects in Texas and Missouri aim to create jobs and establish the first U.S. production of 300-mm wafers.

The U.S. Commerce Department announced on Wednesday plans to award Taiwan's GlobalWafers up to $400 million in government grants. This move aims to significantly increase the production of silicon wafers.

The allocated funds will support projects in Texas and Missouri, establishing the first U.S. production of 300-mm wafers for advanced semiconductors and expanding the production of silicon-on-insulator wafers, according to the Commerce Department.

These silicon wafers are essential for advanced semiconductors, aligning with the Biden administration's efforts to bolster the chips supply chain. The subsidy is expected to back $4 billion in planned investments by GlobalWafers in both states, creating 1,700 construction and 880 manufacturing jobs.