CHIPS ACT grant will help cover the Taiwanese semiconductor firm’s $4B budget
US government is granting GlobalWafers up to $400 million in CHIPS Act cash to help fund its 300mm wafer manufacturing facilities in Texas and Missouri.GlobalWafers' Texas plant is a significant milestone for the US as it's the country's first facility for manufacturing 300mm wafers, the kind that are used for modern processes.
Plus, building out parts of the semiconductor supply chain domestically isn't a bad idea to mitigate the impacts of a hypothetical Rising ASML sales overshadowed by fears of more drastic US restrictionsTexas court blocks FTC noncompete ban, and you can blame SCOTUSSouth Korean Samsung union strikes again in bid to chip away at production
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