By Wen-Yee Lee

TAIPEI (Reuters) -Taiwan-based Sino-American Silicon Products said on Friday its subsidiary GlobalWafers received just over $200 million from the U.S. CHIPS Act in June, about half of a grant the major silicon wafer supplier secured last year.

The funding was part of a $406 million award announced last December by the former Biden administration for the company’s projects in Texas and Missouri to significantly expand U.S. silicon wafer production.

President Donald Trump’s administration had cast some doubt over whether the awards would go forward, saying that they were renegotiating some CHIPS Act grants. U.S. Commerce Secretary Howard Lutnick said in June that they may axe some of the awards.

GlobalWafers said in May the overall grant was to be disbursed in stages upon

See Full Page