Taiwan’s GlobalWafers is set to build a new semiconductor wafer factory in Texas, leveraging into the subsidies on offer from the new CHIPS Act signed into law by President Joe Biden on August 9.  

GlobalWafers is expected to spend about US$2 billion on the facility initially and $5 billion eventually as wafer production, sales and profits rise. Demand should be supported by the construction of new factories by Intel, TSMC, Samsung and other semiconductor makers in the US.

According to a GlobalWafers statement on the investment, “At full build-out, the multi-staged, 3.2 million-square-foot silicon wafer factory will be the largest facility of its kind in the USA and among the largest in the world along with secured abundance of land to support any required further growth.”