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  • Samsung awarded $6.4 billion by U.S. under CHIPS Act to boost chip production

    The U.S. government will give Samsung up to $6.4 billion in direct funding to boost its chip production in Texas, the Commerce Department said on Monday.In return, the South Korean tech giant will commit $45 billion in investment for its two chip production facilities, one under construction in Taylor and another exiting one in Austin. Samsung will also build an additional advanced packaging plant and a research center.Samsung becomes the third-largest receipt of funding from the U.S. under the...

  • Samsung awarded $6.4 billion CHIPS Act grant to build 'semiconductor ecosystem' in Texas

    The Biden administration just announced a preliminary agreement to award Samsung up to $6.4 billion in grants as part of CHIPS Act funding. This money will complement the $44 billion in private investment that the company has promised to spend in the state to build a “semiconductor ecosystem.” This money will be spent to finish a “leading-edge” campus in Taylor, Texas that will focus on research and development of advanced logic technologies, manufacturing and, perhaps most importantly,...

  • Samsung to receive $6.6 billion subsidy for chip plant in Texas

    Samsung will receive a $6.6 billion subsidy to help it expand its chip plant in Texas, US, reveals Reuters. This is the latest step of the Biden administration in its efforts to boost chipmaking in the United States. The subsidy will go towards the construction of four facilities in the American plant, including one $17 billion chipmaking plant, another factory, an advanced packaging facility, and an R&D center. Samsung office in Austin, Texas Commerce Department Secretary Gina Raimondo...