GlobalWafers is preparing for phase two expansion at Texas plant, chairperson says
HSINCHU, Taiwan, Jan 21 (Reuters) - Taiwanese silicon wafer manufacturer GlobalWafers is preparing for the phase two expansion of its plant in the U.S. state of Texas, subject to customer commitments, Chairperson Doris Hsu told reporters on Wednesday.
In May of last year, GlobalWafers said it would invest an additional $4 billion in the United States to meet growing customer demand there, after opening a new $3.5 billion wafer facility in Texas.
The existing plant, GlobalWafers' most advanced fully integrated 300mm (12 inch) silicon wafer facility, is the first of its kind built in the U.S. in more than two decades and is currently the only advanced wafer manufacturing site in the country.
The company has 18 production and operational sites across nine countries. In the United States, it has manufacturing facilities in Texas and Missouri.
Silicon wafers are critical components in chip manufacturing and larger wafers are widely used in advanced chip production as they allow for more chips to be produced per wafer, increasing cost savings.
(Reporting by Wen-Yee Lee; Writing by Ben Blanchard; Editing by Muralikumar Anantharaman)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Largest Crypto Launch in History? BlockDAG Targets 100x Growth as Staking Surpasses Solana & Kaspa

3 Reasons Why HTLD Carries Risk and One Alternative Stock Worth Considering

3 Compelling Arguments to Let Go of NSC and One Alternative Stock Worth Buying

3 Reasons to Steer Clear

