Latest news with #siliconwafers
Yahoo
3 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
3 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
CNA
3 days ago
- Business
- CNA
GlobalWafers has received $200 million from CHIPS Act for US projects
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.
Reuters
3 days ago
- Business
- Reuters
GlobalWafers has received $200 million from CHIPS Act for US projects
TAIPEI, Aug 8 (Reuters) - Taiwan-based Sino-American Silicon Products ( opens new tab said on Friday its subsidiary GlobalWafers ( opens new tab 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 (AAPL.O), opens new tab 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.
Yahoo
17-05-2025
- Business
- Yahoo
GlobalWafers to spend additional $4B on US manufacturing
This story was originally published on Manufacturing Dive. To receive daily news and insights, subscribe to our free daily Manufacturing Dive newsletter. GlobalWafers Co. plans to spend an additional $4 billion on its U.S. manufacturing operations, the semiconductor maker announced Thursday at its 300mm silicon wafer manufacturing facility opening in Sherman, Texas. The funding includes growing its 142-acre Sherman campus, which provides space for the Taiwan-based company to increase capacity and keep up with other chip producers that have recently announced over $1 trillion in U.S. investments, such as IBM, TSMC, Apple and Nvidia. The Sherman facility's initial investment was $3.5 billion, and will serve as the flagship for GlobalWafers America. The site is also the company's largest silicon wafer facility, according to its website. As of Friday, the Sherman project created 1,200 construction and 180 permanent jobs, with plans to hire up to 650 engineering, technical and operational employees by the end of 2028, the company said in the release. The GlobalWafers' Texas facility is also a recipient of $406 million through CHIPS and Science Act funding. The company is one of the lucky few to inalize its funding contract before former President Joe Biden left the White House. The money will also go toward GlobalWafers' other U.S. facility in St. Peters, Missouri, operated through its subsidiary MEMC, which will produce 300mm silicon-on-insulator wafers. The 300mm wafers are critical for making semiconductors used in home appliances, automobiles, computers, cell phones and artificial intelligence technologies. The polished and epitaxial wafers eliminate surface contamination and improve the electronic devices' performance. Recommended Reading $400M in CHIPS funding goes to GlobalWafers
