The U.S. Department of Commerce invested $400 million in GlobalWafers to promote the development of the U.S. domestic semiconductor industry. This move is an important part of the "Chip and Science Act." The funds will be used to build new wafer manufacturing facilities in Texas and Missouri, create a large number of jobs, and strengthen the U.S. semiconductor supply chain to enhance its competitiveness in the global technology field. As a major supplier in the silicon wafer market, GlobalWafers' investment will play a key role in the stability and development of the U.S. semiconductor industry chain and also heralds the U.S. government's determination to vigorously support the local chip industry.
The U.S. Department of Commerce's investment in GlobalWafers is not only a strong support for the company's development, but also a strategic investment in the U.S. economy and national security. By building new wafer manufacturing facilities, the United States will enhance its autonomy and competitiveness in the semiconductor field and reduce its dependence on foreign suppliers. The successful implementation of this investment will create more job opportunities for the U.S. economy and promote the continued development of related industries, laying a solid foundation for the United States to occupy a favorable position in future technological competition.
The U.S. Department of Commerce has just announced a massive investment worth $400 million, which is intended to support domestic semiconductor wafer production and promote the development of U.S. technology.
This investment is part of the Chip and Science Act (CHIPS Act), which aims to promote domestic production of semiconductor wafers and enhance U.S. technological strength. This time, the lucky one is GlobalWafers, which reached a preliminary non-binding memorandum of understanding (PMT) with the Ministry of Commerce and received this huge amount of funds.
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GlobalWafers plans to use the money to build new wafer fabrication facilities in Sherman, Texas, and St. Peters, Missouri. Once complete, it is expected to create 1,700 construction jobs and 880 manufacturing jobs. This is not only a great benefit to the company, but also a huge boost to the local economy.
At the Texas facility, they will produce 300mm silicon wafers for advanced chips, including edge and storage devices. And in Missouri, they will manufacture 300mm silicon-on-insulator wafers for chips in harsh environments, such as in defense applications.
GlobalWafers occupies more than 80% of the silicon wafer market and controls almost 90% of the silicon wafer supply in East Asia. Commerce Secretary Gina Raimondo said the investment will strengthen the U.S. semiconductor supply chain.
Arati Prabhakar, director of the White House Office of Science and Technology Policy, also welcomed the investment, arguing that the wafers will form the basis of the complex chips we need to compete in the global economy. “We are strengthening national security, advancing the clean energy transition, and creating good, family-supporting jobs in Texas and Missouri.”
So far, chip suppliers have raised $30.1 billion. The Ministry of Commerce has signed 13 preliminary cooperation agreements with companies including Samsung, Micron, Intel and TSMC. In addition to attracting funding from suppliers to bring chip manufacturing operations to the United States, the Commerce Department is providing funding for advanced chip research and development.
This week, the U.S. Department of Commerce also announced the "CHIPS for America's National Advanced Packaging Manufacturing Program", which will provide up to $1.6 billion in funding to "build and accelerate domestic semiconductor advanced packaging capabilities."
Highlights:
? **US$400 million investment**: The Department of Commerce invested in GlobalWafers in accordance with the Chip and Science Act to promote domestic chip production in the United States.
? **Job Creation**: The new wafer fabrication facility is expected to create 1,700 construction jobs and 880 manufacturing jobs.
? **Strengthening Supply Chain**: Investments will strengthen the U.S. semiconductor supply chain and enhance national security and economic competitiveness.
All in all, this investment is an important step for the US government to strengthen the semiconductor industry chain and enhance national competitiveness. This huge investment will not only stimulate U.S. economic growth, but also enhance the strategic position of the United States in global technology competition. In the future, we will continue to pay attention to the progress of this investment and its impact on the U.S. semiconductor industry.