The U.S. commerce department has finalized a US$406 million CHIPS Act grant to Taiwan's GlobalWafers to increase production of silicon semiconductor wafers, used in chip manufacturing, at its sites in the states of Texas and Missouri.
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00:00Taiwan's Global Wafers has secured over 400 million U.S. dollars in subsidies from Washington.
00:07The prominent maker of silicon semiconductor wafers is set to significantly increase its
00:11production in the states of Texas and Missouri.
00:15The grant comes from U.S. President Joe Biden's Signature Chips Act, which aims to spur U.S.-made
00:20semiconductors, seen as critical for national security.
00:24Currently, about 90 percent of silicon wafers are produced in East Asia.