Taiwan Company Plans Texas Chip Wafer Factory—if Congress Approves Incentives

WASHINGTON—A Taiwan-based company said it plans to build a $5 billion factory in Texas to make silicon wafers used in semiconductors, but the deal hinges on financial incentives bogged down in Congress.

GlobalWafers on Monday said its planned factory 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 helping fuel the expansion of the U.S. chip-making industry.