Latest news with #GlobalWafers
Time of India
3 days ago
- Business
- Time of India
GlobalWafers has received $200 million from CHIPS Act for US projects
By Wen-Yee Lee TAIPEI: Taiwan-based Sino-American Silicon Products said on Friday its subsidiary GlobalWafers received just over $200 million from the U.S. CHIPS Act in June, about half of a grant the major silicon wafer supplier secured last year. The funding was part of a $406 million award announced last December by the former Biden administration for the company's projects in Texas and Missouri to significantly expand U.S. silicon wafer production . President Donald Trump's administration had cast some doubt over whether the awards would go forward, saying that they were renegotiating some CHIPS Act grants. U.S. Commerce Secretary Howard Lutnick said in June that they may axe some of the awards. GlobalWafers said in May the overall grant was to be disbursed in stages upon reaching specific milestones. It opened its new $3.5 billion wafer plant in Sherman, Texas, in the same month, a project announced in 2022. As part of Apple's announcement on Wednesday of an additional $100 billion U.S. investment, GlobalWafers said it would partner with the iPhone maker to supply 300mm silicon wafers from its Texas facility. Sino-American Silicon Products and GlobalWafers chairwoman Doris Hsu said on an earnings call that the partnership would help the company prepare for U.S. domestic market demand. "If U.S. demand continues to grow, we will not rule out (accelerating) the next phase of expansion," she said.
Time of India
4 days ago
- Business
- Time of India
GlobalWafers America signs pact with Apple to supply 300mm silicon wafers
New Delhi: 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.
The Star
4 days ago
- Business
- The Star
GlobalWafers has received $200 million from CHIPS Act for US projects
FILE PHOTO: Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. REUTERS/Florence Lo/Illustration/File Photo TAIPEI (Reuters) -Taiwan-based Sino-American Silicon Products said on Friday its subsidiary GlobalWafers received just over $200 million from the U.S. CHIPS Act in June, about half of a grant the major silicon wafer supplier secured last year. The funding was part of a $406 million award announced last December by the former Biden administration for the company's projects in Texas and Missouri to significantly expand U.S. silicon wafer production. President Donald Trump's administration had cast some doubt over whether the awards would go forward, saying that they were renegotiating some CHIPS Act grants. U.S. Commerce Secretary Howard Lutnick said in June that they may axe some of the awards. GlobalWafers said in May the overall grant was to be disbursed in stages upon reaching specific milestones. It opened its new $3.5 billion wafer plant in Sherman, Texas, in the same month, a project announced in 2022. As part of Apple's announcement on Wednesday of an additional $100 billion U.S. investment, GlobalWafers said it would partner with the iPhone maker to supply 300mm silicon wafers from its Texas facility. Sino-American Silicon Products and GlobalWafers chairwoman Doris Hsu said on an earnings call that the partnership would help the company prepare for U.S. domestic market demand. "If U.S. demand continues to grow, we will not rule out (accelerating) the next phase of expansion," she said. (Reporting by Wen-Yee Lee; Editing by Jan Harvey)
Yahoo
4 days ago
- Business
- Yahoo
GlobalWafers has received $200 million from CHIPS Act for US projects
By Wen-Yee Lee TAIPEI (Reuters) -Taiwan-based Sino-American Silicon Products said on Friday its subsidiary GlobalWafers received just over $200 million from the U.S. CHIPS Act in June, about half of a grant the major silicon wafer supplier secured last year. The funding was part of a $406 million award announced last December by the former Biden administration for the company's projects in Texas and Missouri to significantly expand U.S. silicon wafer production. President Donald Trump's administration had cast some doubt over whether the awards would go forward, saying that they were renegotiating some CHIPS Act grants. U.S. Commerce Secretary Howard Lutnick said in June that they may axe some of the awards. GlobalWafers said in May the overall grant was to be disbursed in stages upon reaching specific milestones. It opened its new $3.5 billion wafer plant in Sherman, Texas, in the same month, a project announced in 2022. As part of Apple's announcement on Wednesday of an additional $100 billion U.S. investment, GlobalWafers said it would partner with the iPhone maker to supply 300mm silicon wafers from its Texas facility. Sino-American Silicon Products and GlobalWafers chairwoman Doris Hsu said on an earnings call that the partnership would help the company prepare for U.S. domestic market demand. "If U.S. demand continues to grow, we will not rule out (accelerating) the next phase of expansion," she said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
GlobalWafers has received $200 million from CHIPS Act for US projects
By Wen-Yee Lee TAIPEI (Reuters) -Taiwan-based Sino-American Silicon Products said on Friday its subsidiary GlobalWafers received just over $200 million from the U.S. CHIPS Act in June, about half of a grant the major silicon wafer supplier secured last year. The funding was part of a $406 million award announced last December by the former Biden administration for the company's projects in Texas and Missouri to significantly expand U.S. silicon wafer production. President Donald Trump's administration had cast some doubt over whether the awards would go forward, saying that they were renegotiating some CHIPS Act grants. U.S. Commerce Secretary Howard Lutnick said in June that they may axe some of the awards. GlobalWafers said in May the overall grant was to be disbursed in stages upon reaching specific milestones. It opened its new $3.5 billion wafer plant in Sherman, Texas, in the same month, a project announced in 2022. As part of Apple's announcement on Wednesday of an additional $100 billion U.S. investment, GlobalWafers said it would partner with the iPhone maker to supply 300mm silicon wafers from its Texas facility. Sino-American Silicon Products and GlobalWafers chairwoman Doris Hsu said on an earnings call that the partnership would help the company prepare for U.S. domestic market demand. "If U.S. demand continues to grow, we will not rule out (accelerating) the next phase of expansion," she said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
