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GlobalWafers has received $200 million from CHIPS Act for US projects
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GlobalWafers has received $200 million from CHIPS Act for US projects
Aug 8, 2025 3:39 AM

TAIPEI, Aug 8 (Reuters) - Taiwan-based Sino-American

Silicon Products said on Friday its subsidiary

GlobalWafers received just over $200 million from the

U.S. CHIPS Act in June, about half of a grant the major silicon

wafer supplier secured last year.

The funding was part of a $406 million award announced last

December by the former Biden administration for the company's

projects in Texas and Missouri to significantly expand U.S.

silicon wafer production.

President Donald Trump's administration had cast some doubt

over whether the awards would go forward, saying that they were

renegotiating some CHIPS Act grants. U.S. Commerce Secretary

Howard Lutnick said in June that they may axe some of the

awards.

GlobalWafers said in May the overall grant was to be

disbursed in stages upon reaching specific milestones. It opened

its new $3.5 billion wafer plant in Sherman, Texas, in the same

month, a project announced in 2022.

As part of Apple's ( AAPL ) announcement on Wednesday of an

additional $100 billion U.S. investment, GlobalWafers said it

would partner with the iPhone maker to supply 300mm silicon

wafers from its Texas facility.

Sino-American Silicon Products and GlobalWafers chairwoman

Doris Hsu said on an earnings call that the partnership would

help the company prepare for U.S. domestic market demand.

"If U.S. demand continues to grow, we will not rule out

(accelerating) the next phase of expansion," she said.

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