GlobalWafers has received $200 million from CHIPS Act for US projects


FILE PHOTO: Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. REUTERS/Florence Lo/Illustration/File Photo

TAIPEI (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.

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