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.