Taiwan’s GlobalWafers to Invest $5 Billion in New Texas Plant

WASHINGTON—GlobalWafers a Taiwan-based expertise firm, unveiled a plan on Monday to construct a $5 billion manufacturing unit in Sherman, Texas, to manufacture silicon wafers, a key materials used in the manufacturing of semiconductors.

The funding, which might obtain U.S. authorities help ought to Congress go pending laws, will contribute to a U.S. effort to enhance home manufacturing of superior semiconductors and cut back reliance on imports by supplying supplies to corporations resembling Intel Corp. and Taiwan Semiconductor Manufacturing Co. These main semiconductor producers have pledged vital investments in new U.S. factories to make chips to meet strong demand, and to relieve shortages that have disrupted production of a variety of merchandise, together with cars.