SHERMAN, Texas (KTEN) — Another multi-billion dollar project broke ground Thursday in Sherman.

The GlobalWafers silicon wafer manufacturing facility will be built in four phases; the Taiwan-based company said it will eventually support 1,500 high tech jobs producing 1.2 million wafers every month.

The end product will be used by Apple, Samsung, and Texas Instruments, one of the reasons GlobalWafers selected Sherman for its expansion over competing sites in Ohio and South Korea.

"We do appreciate this strong partnership," said Ambassador Bi-khim Hsiao of Taiwan. "We believe that whether it's ensuring a peaceful, stable and free and open environment that's good for business." 

This is the first silicon wafer plant built in the U.S. in more than two decades. GlobalWafers president Mark England said this country currently manufactures less than one percent of the silicon wafers in the world. 

"There are a lot of geopolitical concerns," he said. "Geopolitical concerns will cause you to have an issue with supply chain, and if you do not have the entire supply chain in the country, you're asking for trouble. So what this does, is it completes that supply chain."

Sherman Mayor David Plyler said the massive investment is a big deal for the city and the region.

"Not only in sales tax receipts, property taxes... there are going to be over 1,500 people working here," he said. "It's going to be a huge impact project for the City of Sherman for years to come. 

The initial phase of the Sherman GlobalWafers facility is expected to take about two years to complete.