The grants will be used to fund projects in Texas and Missouri establishing the first US production sites for 300-mm wafers for advanced semiconductors

GlobalWafers said the plant, which will make 300-milimetre silicon wafers, will start being built this year and it will generate up to 1,500 jobs in Sherman, Texas

GlobalWafers said total capital expenditure may hit T$100 billion ($3.6 billion) between 2022 and 2024, including 'substantial greenfield investments'

The demise of GlobalWafers' $4.5bn bid to buy Siltronic was welcomed by German politicians, who said the country had to protect its security interests