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Semiconductor Boost for US as Taiwan Firm Invests $5 Billion on New Texas Plant, Creating 1,500 Jobs

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Taiwanese tech company Globalwafers says construction of the new silicon wafer factory in Texas will begin in late 2022.
GlobalWafers, a Taiwanese tech manufacturing firm, has announced plans to spend $5 billion on a new plant in Texas after the deal with Germany’s Siltronic did not go through. The new plant is expected to manufacture silicon wafers majorly utilized in semiconductors. As per the company the plant will begin construction by the end of this year and will generate over 1,500 jobs in Sherman, Texas.

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