The US Department of Commerce has signed a non-binding preliminary memorandum of terms (PMT) to provide GlobalWafers America LLC and MEMC LLC (subsidiaries of GlobalWafers Co Ltd of Hsinchu, Taiwan, the world’s third largest supplier of semiconductor wafers) up to $400m in proposed direct funding under the CHIPS and Science Act to help onshore critical semiconductor wafer production...
Source: https://www.semiconductor-today.com/new ... 0724.shtml