Reported 5 months ago
Globalwafers' US investment project, including a 12-inch advanced wafer factory in Texas and a 12-inch SOI wafer expansion in Missouri, has received subsidies under the US chip act with a maximum cap of 400 million US dollars. This expansion will enhance the semiconductor supply chain in the US, strengthen local supply, and increase Globalwafers' production capacity in the US market. The company plans to leverage government subsidies and tax credits to cover about a third of the construction costs for the projects.
Source: YAHOO