Taiwan's silicon wafer giant GlobalWafers announced on July 17th that, based on the Chips and Science Act, its subsidiaries GlobalWafers America (GWA) and MEMC LLC have signed a non-binding preliminary memorandum of terms (PMT) with the U.S. Department of Commerce. This agreement will provide up to $400 million in direct subsidies for the construction of advanced silicon wafer fabs in Sherman, Texas, and St. Peters, Missouri.