Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post

Taiwan’s GlobalWafers to Build a $5 Billion Plant in Sherman, Texas

- Advertisement -

Amidst the global chip shortage, Taiwan’s silicon wafer manufacturer GlobalWafers Co., Ltd. has announced that it will invest $5 billion in a manufacturing plant. The wafers, often used in manufacturing semiconductors, would also generate as many as 1,500 jobs in the town of Sherman, Texas and it is the first U.S. silicon wafer facility in more than two decades. According to the company, the new plant will manufacture 300 milimetre silicon wafers and would be completed later this year.

 

“With the global chips shortage and ongoing geopolitical concerns, GlobalWafers is taking this opportunity to address the United States semiconductor supply chain resiliency issue by building an advanced node, state-of-the-art, 300-millimetre silicon wafer factory,” Chairwoman and CEO Doris Hsu said.
“Instead of importing wafers from Asia, GlobalWafers USA (GWA) will produce and supply wafers locally.”

- Advertisement -

 

“300-millimetre silicon wafers are the starting material for all advanced semiconductor fabrication sites, including recently announced United States expansions by GlobalFoundries, Intel, Samsung, Texas Instruments and TSMC,” said the Taiwanese chipmaker. “Most of these wafers are currently manufactured in Asia, forcing the US semiconductor industry to highly rely on imported silicon wafers.”

 

The move comes after a failed venture in the European market, but the deal hinges on the approval of financial incentives by Congress. “If the Chips Act is not passed, we have to pivot to South Korea,” said the company’s president, Mark England. The construction which will eventually span 3.2 million square feet is scheduled to start this year with production beginning in 2025. Texas Governor Greg Abbott signed off on a grant of $15 million and offered an additional $10,000 bonus for creating jobs for US veterans.

 

GlobalWafers said in February it expected its total capital expenditure to reach around T$100 billion ($3.4 billion) between 2022 and 2024, redirecting funds for a now-terminated 4.35-billion-euro ($4.60 billion) takeover of Germany’s Siltronic. The failed acquisition uncovered Europe’s dependence on Asian suppliers, which has triggered efforts to boost production in the continent.

 

GlobalWafers’ Taipei-listed shares showed a downward trend of about 5% on Tuesday morning.


 

- Advertisement -

Most Popular Articles

Nishchay Pandey
Nishchay Pandey
Bioengineer with a knack for writing, I love IoT, Open-source and creativity.

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

AI Startup Funding Drops 10% YoY In 2023

0
With total investment falling by 10%, 2023 recorded AI startup backing of $42.5 billion, a decline after hitting the peak in 2021 as per...

Electric 2-Wheelers May Cost Less Than ICE Models in 4-5 Years: Report

0
In a scenario where a subsidy of ₹15,000 per kWh is provided, it is anticipated that the upfront cost parity for short- and mid-range...

Thoughtworks And AWS Unveil SDV Pulse For Industry Megatrend Navigation

0
Global technology consultancy and Amazon Web Services have released their first annual report, designed to assist automakers in quickly maximizing the potential of software-defined...

Buzz

LeePra Chooses Delvitech’s 3D AI AOI System

0
Eyeing efficient quality monitoring, LeePra Technologies has partnered with Delvitech to include advanced AI solutions in its manufacturing units. Last week, EMS provider LeePra Technologies...

Bharat Electronics Secures Export Order Worth $2.3 Billion For Fy25

0
BEL receives a $2.3 billion export order for TR modules, boosting India's self-reliance and export potential in defence manufacturing. On Friday, Bharat Electronics Limited (BEL)...

Systrome Technologies Opens Electronics Manufacturing Facility in Thiruvananthapuram

0
To leverage quality telecom equipment production and local employment, Systrome Technologies recently inaugurated a new factory in the state capital of Kerala. A new manufacturing...

Important Sectors

LeePra Chooses Delvitech’s 3D AI AOI System

0
Eyeing efficient quality monitoring, LeePra Technologies has partnered with Delvitech to include advanced AI solutions in its manufacturing units. Last week, EMS provider LeePra Technologies...

Ultimate Luxury On Wheels: India’s Top Luxury Hybrid Vehicles

0
As the automotive world shifts towards electric vehicles (EVs), many still cherish the classic internal combustion engine (ICE). However, a discerning segment of drivers...

Bharat Electronics Secures Export Order Worth $2.3 Billion For Fy25

0
BEL receives a $2.3 billion export order for TR modules, boosting India's self-reliance and export potential in defence manufacturing. On Friday, Bharat Electronics Limited (BEL)...

Systrome Technologies Opens Electronics Manufacturing Facility in Thiruvananthapuram

0
To leverage quality telecom equipment production and local employment, Systrome Technologies recently inaugurated a new factory in the state capital of Kerala. A new manufacturing...

Hybrids Struggle For Incentives In Uttar Pradesh; Only FAME II-Certified Vehicles Eligible

0
Senior industry executives noted that Uttar Pradesh is looking to align hybrid and electric vehicle (EV) incentives with the central government's FAME II guidelines....

Manufacturing

LeePra Chooses Delvitech’s 3D AI AOI System

0
Eyeing efficient quality monitoring, LeePra Technologies has partnered with Delvitech to include advanced AI solutions in its manufacturing units. Last week, EMS provider LeePra Technologies...

India, Russia Partners To Boost India’s Defence Capabilities

0
Backed by Russia, HAL aims to produce and export Sukhoi Su-30 fighter jets in Nashik to enhance India's aerospace prowess and export potential. India's state-owned...

Zapp And Bounce Infinity Partner On Scooter Production at Bhiwadi Plant

0
The partnership will facilitate the manufacturing and distribution of Zapp's i300 electric urban motorcycles across India. Zapp Electric Vehicles Group Limited has unveiled a strategic...

Empowering Innovation: The Role of MSMEs in India’s Defence Sector

0
If large industries are the “face” of the Indian economy as they provide the most visible aspect, then the MSMEs are surely the “firm...

Quality Control With AI-Driven Optical Inspection

0
This collaboration combines optical inspection technology with high-performance Edge AI hardware, significantly improving printed circuit board assembly efficiency, reducing waste, and enhancing overall process...