GlobalWafers America signs pact with Apple to supply 300mm silicon wafers
GlobalWafers America
, the US-based subsidiary of Taiwanese
GlobalWafers
, has partnered with
Apple
to supply
300mm silicon wafers
for the latter's iPhone and iPad devices, in concerted efforts to bolster the domestic
semiconductor supply chain
. These wafers are a crucial component in producing chips, including leading-edge, mature-node, and memory semiconductors.
These silicon wafers will be made at and supplied from GlobalWafers' facility in Sherman, Texas, according to a media statement on Friday.
GlobalWafers America is currently the only global producer of advanced 300mm wafers participating in the
CHIPS for America Program
under the
Donald Trump
administration, as per the statement.
News agency Reuters, meanwhile, reported Saturday that GlobalWafers America received just over $200 million from the US CHIPS Act in June, about half of a grant the major silicon wafer supplier secured last year.
GlobalWafers President Mark England said, 'Over the past 30 years, advanced silicon wafer production all but left America for lower-cost manufacturing hubs. Our new partnership with Apple, America's most important end-user of silicon, is a powerful market signal that the entire semiconductor supply chain is now back in the U.S. in full force.'
GlobalWafers Chairwoman Doris Hsu, in turn, said, 'iPhone and iPad are well-known in every nation in the world, and we're thrilled that silicon from GlobalWafers America will be found in many of these incredible products. We feel honored that Apple is working with us and their first-tier suppliers to make American semiconductor manufacturing great again.'
Apple Chief Operating Officer Sabih Khan said the partnership is part of the company's commitment to supporting manufacturing in America, citing that the company has pledged to invest $600 billion in the US over the next four years.
"With our new American Manufacturing Program, we're proud to partner with companies like GlobalWafers America to create new jobs and bring even more manufacturing to America," said Khan. "This is part of our $600 billion commitment to the US over the next four years, and we couldn't be more excited about the future of American innovation."
The announcement comes as the Trump administration continues to support the semiconductor sector through policies such as the expanded Advanced Manufacturing Investment Credit and reforms to the CHIPS for America Program.
GlobalWafers says it is the third-largest global supplier of semiconductor wafers, maintaining 18 manufacturing and operational sites spanning three continents and nine countries.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
18 minutes ago
- Hindustan Times
Trump believes ‘everybody wants him to run' for the third time
Donald Trump said he is convinced that Americans want him to serve a third term while hosting Azerbaijani President Ilham Aliyev at the White House. US President Donald Trump arrives to greet Ilham Aliyev, Azerbaijan's president, not pictured, outside the West Wing of the White House in Washington, DC, US. Photographer: Stefani Reynolds/Bloomberg(Bloomberg) During the visit, Trump, surrounded by his branded merchandise, held up a 'Trump 2028' hat and quipped: 'You know, you're not allowed to run, but I'm 28 points higher than anybody, and everybody wants me to run.' The joke raised eyebrows for two reasons: first, the U.S. Constitution limits a president to two elected terms; second, Trump has hinted before that he might not be entirely joking. ALSO READ| US military to invade Latin American countries? Donald Trump's action against drug cartels sparks fear Like a recent CNBC interview, he said, 'I'd like to run, I have the best poll numbers I've ever had. You know why?' 'Because people love the tariffs, and they love that foreign countries aren't ripping us off.' Azerbaijani Prez would like to see Trump in the Oval more Irish Star cited a Reddit thread discussing Trump's past similar comments, even floating a hypothetical workaround. The post details Trump once suggested that Vice President JD Vance could run for president, win, then step down, allowing Trump to take the position again. 'Trump's comments about running again in 2028, despite the constitutional limit, are part of a broader narrative where he has previously suggested ways to circumvent term limits, such as having Vice President JD Vance run and then resign, as reported in April 2025,' the Reddit thread read. Notably, in the video documenting Aliyev's visit, the Azerbaijani leader even joined in the banter, telling Trump he'd like to see him run again. Can Trump run for a third time? Legally, the 22nd Amendment prevents someone from being elected president more than twice. However, it doesn't explicitly bar a two-term president from becoming vice president or assuming the presidency through the line of succession. ALSO READ| Not just Salma Hayek, Donald Trump also asked Emma Thompson out: 'I'd love you to…' The 12th Amendment also states that anyone constitutionally ineligible to be president cannot serve as vice president, but a former two-term president isn't considered constitutionally ineligible, only barred from winning another election for the role.
News18
26 minutes ago
- News18
Jharkhands Jamshedpur to soon get modern interstate bus terminal
Ranchi, Aug 10 (PTI) A state-of-the-art interstate bus terminal with modern transportation facilities will soon come up in Jharkhand's industrial city Jamshedpur, an official said on Sunday. The bus terminal will be built on 13 acres of land near Mango Dimna Chowk at an estimated cost of Rs 145.24 crore, he said. Urban Development Minister Sudivya Kumar has given in-principle approval for the project to be developed under the Hybrid Annuity Mode (HAM), according to an official release. The proposal will soon be submitted for administrative approval, it said. The Jharkhand Urban Infrastructure Development Company (JUIDCO) has been tasked with implementing the project, a blueprint of which was prepared by a Karnataka-based agency, it said. The five-storey terminal building will have two basements and three floors, while the commercial building will feature one basement and three floors, the release said. The complex will include 50 parking spaces, 23 alighting bus bays, parking for 300 cars and 350 bikes, an office and warehouse for the water resources department, sewage treatment plant, water treatment plant, effluent treatment plant and internal road arrangements, it said. The first floor will feature an air-conditioned waiting hall with 80 seats, a 120-bed passenger dormitory, a 60-bed driver dormitory, a food court, shops, a security office, a travel admin office and toilets, the release said. The ground floor will have 23 bus bays, 18 ticket counters, a cloakroom, a logistics centre, a restaurant, public toilets and a food court. The complex will also be adorned with Jharkhandi art and paintings, it added. PTI SAN RBT view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Mint
an hour ago
- Mint
Are we entering the era of gold dominance? These 3 factors hold the cue
The world has always held a special place for gold. It is part of our family customs, weddings, and festivals in India. However, in 2025, gold became more than just jewellery or ceremonial items; it quietly but firmly returned as a significant worldwide asset. And given recent developments, we may be about to enter a new era in which gold will play a far larger role than it has in decades. Once more, central banks are purchasing. Following World War II, central banks all over the world were major buyers of gold for many years. They had almost 38,000 tonnes of it by the early 1970s. However, the Bretton Woods system came to an end in 1971 when the US dollar was formally delinked from gold. Global gold reserves then declined as nations like the UK and Canada started selling the metal. Following the 2008 financial crisis, that trend reversed. Since then, central banks have started purchasing again, and as of right now, they own between 36,000 and 37,000 tonnes, nearly reaching their previous peak. In actuality, central banks now directly purchase almost one-third of the annual gold production. Central banks see the benefit of holding more gold as they get ready for long-term uncertainty. However, there is still much work to be done. Despite all of this purchasing, gold still only accounts for 17% of global central bank reserves, which is significantly less than the 45 - 55% levels that were observed between the 1950s and 1970s. They would have to almost double their holdings to return to that range. That disparity implies that there is still a great deal of space for additional purchases. This is significant because central bank demand is typically stable, long-term, and less influenced by transient market fluctuations. Meanwhile, a more significant global change is taking place. Trade tensions have risen once more as a result of recent tariff announcements made by U.S. President Donald Trump, such as a 25% tariff on all imports from India. Similar or higher tariffs apply to many other nations. This has, of course, alarmed international markets. Investors seek out safer options whenever there is uncertainty, whether it be from inflation, trade wars, or politics. That has always been the role. And it's the same this time. Gold prices surged to about $3,300/oz in July 2025, almost reaching their 1980s inflation-adjusted peak. Even though gold prices in India have risen to over ₹ 1 lakh per 10 grams, many buyers continue to enter the market. Indeed, gold has a long history in India. But these days, it's also regarded as a viable investment choice, particularly in light of the erratic stock market, declining interest rates, and slowly rising inflation. Demand hasn't decreased despite high prices. Newer products like Sovereign Gold Bonds and Gold ETFs are also gaining traction, and investors are still purchasing. For instance, AUM has surpassed ₹ 65,000 crore, and inflows into Gold ETFs alone have totalled ₹ 19,000 crore this year. It's interesting to note that gold took over 40 years to return to its 1980 real (inflation-adjusted) value. Gold reached $800 an ounce that year, or about $3,300 in today's currency. Therefore, gold has simply caught up with inflation rather than "booming" as much. However, gold is now being considered as a long-term solution rather than a reaction as central banks increase their purchases, trade relationships become more uncertain, inflation remains sticky, and interest rates peak. Gold is once again acting more like a global currency than a commodity. It is anticipated that central banks will continue to purchase more, not less. Investor behaviour is changing in India, both financially and emotionally. Although volatility can result in brief price declines, many people view it as a chance to buy. Gold is gradually regaining attention as a crucial component of investment strategy, not just as a haven, even though we may not be in a full-fledged "gold rush." For Indian investors, this entails looking beyond tradition and price alone. The key is to view gold as a component of the larger scheme of things. And if present patterns continue, we might be seeing the start of a new era, one in which gold regains its position as the most valuable asset in the world, rather than a brief upswing. (The author is Cofounder & Executive Director, Prime Wealth Finserv Pvt. Ltd.) Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
