# US finalizes $406 million subsidy for GlobalWafers' US wafer plants

The U.S. Commerce Department finalized $406 million in government grants to Taiwan's GlobalWafers to increase production of silicon wafers in the United States. The funds will support nearly $4 billion in investments for new facilities in Sherman, Texas, and St. Peters, Missouri, creating 1,700 construction and 880 manufacturing jobs.

- Type: Investment
- Announced: 2024-12-17
- Where: Sherman, Texas; St. Peters, Missouri, United States
- Value: $406.0M
- Jobs: 2,580
- Status: announced
- Products: 300-mm silicon wafers, silicon-on-insulator wafers
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [GlobalWafers](https://endata.com/companies/5203.md)

## Sources

- [thestandard.com.hk](https://www.thestandard.com.hk/china/article/223900/US-finalizes-406-million-chips-subsidy-for-Taiwans-GlobalWafers), 2024-12-17: "The U.S. Commerce Department said on Tuesday it has finalized $406 million in government grants to Taiwan's GlobalWafers to significantly increase production of silicon wafers in the United States."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.