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GlobalWafers Shores Up $406 Million in US Chips Act Awards

GlobalWafers Co., a Taiwanese maker of silicon wafers used in chip manufacturing, finalized a deal to receive as much as $406 million in awards from the US Chips and Science Act to help build factories in Texas and Missouri.The agreement, announced by the US Commerce Department, shores up a preliminary accord announced in July. The department will dole out the funds based on GlobalWafers reaching certain milestones, according to a statement Tuesday....

Read more at bloomberg.com

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