Taiwan’s GlobalWafers will spend $5 billion (roughly Rs.39,320 crore) on a brand new plant in Texas to make silicon wafers utilized in semiconductors, switching to america after a failed European funding.
The corporate stated late Monday the brand new plant, manufacturing 300-milimetre silicon wafers, would begin being constructed later this yr and generate as many as 1,500 jobs in Sherman, Texas.
“With the worldwide chips scarcity and ongoing geopolitical considerations, GlobalWafers is taking this chance to handle america semiconductor provide chain resiliency problem by constructing a complicated node, state-of-the-art, 300-milimetre silicon wafer manufacturing facility,” Chairwoman and CEO Doris Hsu stated.
“As an alternative of importing wafers from Asia, GlobalWafers USA (GWA) will produce and provide wafers regionally.”
The corporate added that the funding can be accomplished “section by section” primarily based on confirming precise buyer demand. GlobalWafers stated in February it anticipated its whole capital expenditure to succeed in T$100 billion (roughly Rs. 26,574 crore) between 2022 and 2024, redirecting funds for a now-ended 4.35-billion-euro (36,165 crore) takeover of Germany’s Siltronic. The failed acquisition got here as a worldwide scarcity of semiconductors has laid naked Europe’s dependence on Asian suppliers, which has triggered latest efforts to spice up manufacturing throughout the continent. Germany’s Financial system Ministry stated it was not attainable to finish all of the steps of the funding evaluate, specifically a evaluate of an antitrust approval granted by China solely in January.
The GlobalWafers deal would have created the second-largest maker of 300-milimetre wafers, behind Japan’s Shin-Etsu, because the semiconductor trade consolidates. Germany has develop into cautious of adjustments to its high-tech provide community after carmakers, one in every of its main sectors, have been hit by the worldwide chip scarcity. GlobalWafers secured a majority stake in Siltronic final yr and initially hoped to have the transaction wrapped up in late 2021.
© Thomson Reuters 2022