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Investing.com -- GlobalWafers, a Taiwanese chip-materials manufacturer, has announced plans to invest an additional $4 billion in U.S. manufacturing.
Doris Hsu, the Chairwoman of GlobalWafers, made the announcement during the opening ceremony of the company’s first factory in Sherman, Texas, on Thursday.
The new investment will more than double the company’s current U.S. investment, bringing the total to $7.5 billion.
GlobalWafers is looking to expand its manufacturing base in the U.S. with this significant investment.
The company’s decision to invest further in the U.S. market is a strategic move to bolster its position in the global chip-materials industry.
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