GlobalWafers Co., 6488 5.49%▲ a Taiwan-based technology company, unveiled a plan on Monday to build a $5 billion factory in Sherman, Texas, to manufacture silicon wafers, a key material used in the production of semiconductors.
The investment, which would receive U.S. government support should Congress pass pending legislation, will contribute to a U.S. effort to boost domestic production of advanced semiconductors and reduce reliance on imports by supplying materials to companies such as Intel Corp. and Taiwan Semiconductor Manufacturing Co. These leading semiconductor manufacturers have pledged significant investments in new U.S. factories to make chips to meet strong demand, and to relieve shortages that have disrupted production of a range of products, including automobiles.
