US to award Taiwan's GlobalWafers up to $400 million to boost US semiconductor wafer production

The planned subsidy would support $4 billion in planned investments by GlobalWafers in both states to construct new wafer manufacturing facilities and create 1,700 construction and 880 manufacturing jobs. GlobalWafers also plans to convert a portion of its existing silicon epitaxy wafer manufacturing facility in Texas to produce silicon carbide epitaxy wafers.