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Investing.com -- Taiwan-based Sino-American Silicon Products announced Friday that its subsidiary GlobalWafers received just over $200 million in funding from the U.S. CHIPS Act in June.
This payment represents approximately half of the $406 million grant that the silicon wafer supplier secured last year under the former Biden administration. The full award, announced last December, was designated for the company’s expansion projects in Texas and Missouri to boost U.S. silicon wafer production.
The funding comes amid uncertainty about the future of some CHIPS Act grants. President Donald Trump’s administration has indicated it is renegotiating certain awards, with U.S. Commerce Secretary Howard Lutnick stating in June that some grants might be canceled.
GlobalWafers previously explained in May that the overall grant would be distributed in stages as specific milestones are reached. The company recently opened its new $3.5 billion wafer manufacturing plant in Sherman, Texas, in May, a project that was initially announced in 2022.
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