Taiwan’s GlobalWafers races to break ground in Texas before tax breaks dissolve
As such, GlobalWafers stands to benefit from approximately $39 billion in subsidies and a 25 percent investment tax credit on new US fabs.
GlobalWafers’ decision to build in Texas likely came down to tax incentives offered by the state. GlobalWafer in June filed documents [] with the state comptroller’s office seeking a cap on property taxes under Chapter 313 of the Texas tax code.
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