GlobalWafers opens new US factory; plans additional $4 billion investment

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The story "GlobalWafers opens new US factory; plans additional $4 billion investment" was covered 16 hours ago by Channel News Asia, a news publisher based in Singapore.

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GlobalWafers opens new US factory; plans additional $4 billion investment - Channel News Asia

Quick Summary:

TAIPEI :Taiwanese silicon wafer manufacturer GlobalWafers said on Friday it would invest an additional $4 billion in the United States to meet growing customer demand there, as it officially opened its new $3.5 billion wafer facility in Texas".Our U.S.customers appear to have a very strong demand for U.S.

CHIPS and Science Act awards and has signalled delays to some upcoming semiconductor disbursements.U.S.

President Donald Trump has repeatedly criticized the CHIPS Act and said in March U.S.lawmakers should get rid of it and instead use the proceeds to pay debt.