Global Crystal's $5 billion new Texas plant to break ground in November

On September 13, according to media reports, the chairman and CEO of Taiwan Global Wafer Co., Ltd. said on Tuesday that the company expects to start construction of a new $5 billion factory in Texas in November.

Previously, the company said in June that it would build the plant to produce 300mm silicon wafers for semiconductors, reversing a defunct investment plan in Germany.

Doris Hsu, chairman and CEO of Universal Crystal, said the groundbreaking ceremony is expected to be held around the end of November.

The U.S. has been encouraging foreign technology companies to produce in the country and has welcomed the investment from Global Crystal, the report said.

Last month, President Joe Biden signed into law the Chip and Science Act, which authorizes the government to subsidize U.S. semiconductor production and research by about $52 billion and invest an estimated $24 billion in chip factories. Tax incentives.

Xu Xiulan said, "We have received not only government subsidy proposals from the United States, but also government subsidy proposals from other places. But our assessment looks at the overall situation. The chip bill is a very important factor, but not the only one."