One of the world’s leading suppliers of critical components for semiconductor chips is getting significant federal support to expand its operations in St. Charles County.
The U.S. Department of Commerce announced Wednesday morning that it will provide up to $400 million in funding from the CHIPS and Science Act to GlobalWafers Co. to establish more of the semiconductor supply chain in the U.S.
“[This is] an important step to onshore a critical component for the semiconductors that are the foundation of our information age,” said Arati Prabhakar, who directs the White House Office of Science and Technology Policy.
