Tired of ads? Enjoy an ad-free experience by signing up.
👩‍🍳 How we use AI at Tech in Asia, thoughtfully and responsibly.
🧔‍♂️ A friendly human may check it before it goes live. More news here

GlobalWafers says US CHIPS Act changes may affect investment

GlobalWafers, a Taiwanese silicon wafer manufacturer, said that it has not received notifications about possible changes to subsidies under the US CHIPS and Science Act.

The company also noted that any modifications could impact its future investment strategies.

In December 2024, the US Commerce Department finalized US$406 million in grants for GlobalWafers to enhance production at facilities in Texas and Missouri.

This funding is part of US initiatives to increase domestic semiconductor production.

However, sources indicate that the White House may seek to renegotiate some awards. This raises concerns about potential delays in future semiconductor subsidies.

Recent GlobalWafers developments

Timeline
14-Feb-2025 🔍 White House reviews CHIPS Act subsidies, terms unclear
  • Review of US CHIPS Act projects underway
  • Possible adjustments to subsidies, unclear details
17-Dec-2024 💻 US finalizes $406m subsidy for Taiwan’s GlobalWafers
  • US gives $406M subsidy for Taiwan’s GlobalWafers
  • GlobalWafers to invest $4B, creating 2,500 jobs
03-Oct-2024 🌍 GlobalWafers expands silicon production with $400m push
  • GlobalWafers expands production to Texas and beyond
  • Plans 12-inch plant backed by $400M US subsidy

Stay ahead in Asia’s tech landscape

You've reached your 2 free content limit for the month. Sign up for free to read the full story.

🏄 For casual readers / 👶 Free

Basic

US$0

Free forever

Get instant access to this article and more every month

0 premium content

Unlimited news briefs

5

5 articles

Ad-free reading experience

Just US$0 per day

⌛Sign up in 20s. No payment details needed.

📖 For learners / 👍 Starter

Lite

US$4.92/month

Billed annually at US$59/year

Get instant access to this article and more every month

4

4 premium content

Unlimited news briefs & articles

Ad-free reading experience

Just US$0.17 per day

Cancel anytime

Our subscriber community includes professionals from these companies:

Stay updated on the go with our mobile app.

Get latest insights with smoother, more personalized experience through TIA mobile app.