Saint Louis, MO

$800 million deal creates 75 new jobs in St. Louis

Tyrone Wallace

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ITBusinessToday

SAINT LOUIS, MO — O’Fallon, manufacturer MEMC Electronic Materials Inc. and parent company GlobalWafers Co., Ltd. (GWC), one of the top three silicon wafer manufacturers in the world just announced an $800 million agreement with GLOBALFOUNDRIES® (GF®) in expanding their regional wafer production facility. The agreement included nearly $210 million in capital expenditures. This will add a new type of water manufacturing to the facility and expanded the existing production, including 75 new jobs.

The GWC together with semiconductor manufacturer GF wanted to conduct a global site search for their expansion. The silicon wafers produced by GWC are key input materials for semiconductors and an integral part of GF’s supply chain. Then the GF transformed the materials into computer chips that can be found in pervasive technologies like 5G smartphones, wireless connectivity, automotive radar and aerospace. Currently, chips produced by GWC and GF are in high demand all over the world.

In the U.S. there are two legislative acts that they need to fulfill. The bipartisan-supported U.S. Innovation and Competition Act and the already passed CHIPS for America Act. These two legislative acts aim to increase the number of chips manufactured in the U.S to be able to compete globally. The national effort helped convince the companies to narrow their focus on expansion within the United States. Support that came from the State of Missouri, Missouri Department of Economic Development, the City of O’Fallon, Ameren Missouri, Spire and AllianceSTL, the business development initiative of Greater St. Louis, Inc., helps the company make their final decision in partnership.

The investment done by these global companies in St. Louis shows their belief in the city's talented workforces, reliable infrastructure and efficient supply chain. The single agreement in the STL 2030 Jobs Plan strengthens the advanced manufacturing and production industry, creates high-quality jobs and helps transform the region into a hub for next-generation industries and technologies. With this expansion, they welcome new opportunities for global innovation and growth in the region.

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