HSINCHU, Taiwan, Feb 14 (Reuters) - Taiwan's

GlobalWafers said on Friday its investments in the

United States were proceeding as planned as the company had not

been notified of changes to agreed subsidies under the U.S.

CHIPS Act.

The U.S. Commerce Department said in December it had

finalised $406 million in government grants to GlobalWafers for

projects in Texas and Missouri to significantly increase

production of silicon wafers in the United States.

U.S. President Donald Trump's new administration, however,

is seeking to renegotiate U.S. CHIPS and Science Act awards and

has signalled delays to some upcoming semiconductor

disbursements, two sources familiar with the matter told

Reuters.

GlobalWafers had previously told Reuters that the CHIPS

Program Office had told the company that certain conditions that

do not align with Trump's executive orders and policies are

under review for all CHIPS Direct Funding Agreements.

It also said it had not been notified directly by Washington

of any changes to the conditions or terms of its awards.

Speaking to reporters in Taiwan's chip hub of Hsinchu,

GlobalWafers CEO Doris Hsu repeated that the company had not

received any notifications of upcoming modifications but that if

the CHIPS act was indeed modified it would need to reassess.

"We don't know what will happen, but if the CHIPS Act is

indeed modified and we are affected, we will need to reassess

our subsequent investments," Hsu added.

That would involve evaluating demand in the United States

and prices that can be tolerated there, and whether it would be

more beneficial for GlobalWafers to expand in the United States

or produce in Taiwan, considering possible tariffs, she said.

"However, at this moment, everything is hypothetical and

hasn't happened yet, as we haven't received any notification

about required actions. For now, everything is proceeding

according to the original plan."

GlobalWafers has secured contracts worth $406 million, she

added.

The company has not received the funding from the United

States yet, but that is because it needs to reach specific

milestones this year, Hsu said.

"We have a first milestone to achieve, and once we reach it,

we will submit the necessary documentation to the relevant

authorities for review," Hsu said.

The company is not changing its U.S. expansion plan, which

is under way at three plants across the country, she added.

Asked about the impact of U.S. import tariffs, which Trump

has threatened to roll out across the board, Hsu said

GlobalWafers was well positioned due to its existing three

factories in the United States and its global presence.

"This provides us with more strategies to cope with

potential tariff impacts," she said.