(Bloomberg) -- GlobalWafers Co., a Taiwanese manufacturer of silicon wafers used in chip production, is in line to receive $400 million in US government help for projects in Texas and Missouri.

The U.S. commerce department has finalized a US$406 million CHIPS Act grant to Taiwan's GlobalWafers to increase production of silicon semiconductor wafers, used in chip manufacturing, at its ...

This funding is aimed at enhancing silicon wafer production within the United States. What Happened: The grant will facilitate the establishment of the first high-volume U.S. production of 300 ...

The funding will support Wolfspeed's silicon carbide wafer production at its new facilities ... argues that government funding, like the grant awarded to Wolfspeed, encourages private sector ...