U.S. closing critical gap in domestic chipmaking supply chain — GlobalWafers given $400 million to make wafers in the U.S.

GlobalWafers.

When you want to capture a sizeable share of the semiconductor production market in a few years, you must ensure that there are wafers to process. The U.S. government is taking care of this. On Wednesday, GlobalWafers and the Biden administration announced that the company is set to receive $400 million to support projects in Missouri and Texas, where GlobalWafers will make wafers that will eventually be used by Intel, Samsung Foundry, and TSMC.

GlobalWafers aims to invest some $4 billion in its facilities in Missouri and Texas, a sum that highlights that both projects will be large and will produce vast amounts of wafers. Located in St. Peters, Missouri, and Sherman, Texas, these two facilities will be instrumental in supporting expanded operations of Samsung Foundry and Texas Instruments in Texas and other U.S. semiconductor fabs that are set to start production in the coming years. The two facilities will create about 880 manufacturing jobs and 1700 construction jobs.