Taiwan Company plans Texas Chip Wafer Factory – if Congress approves incentives

WASHINGTON – A Taiwan-based company said it plans to build a $ 5 billion plant in Texas to make silicon wafers used in semiconductors, but the deal depends on financial incentives locked in Congress.

GlobalWafers Monday said the planned plant in Sherman, Texas, would be the first U.S. silicon wafer facility in more than two decades and create as many as 1,500 jobs, as well as help boost the expansion of the U.S. chip manufacturing industry.