US government to give Samsung up to $6.4 billion for Texas, USA fabs, R&D center

The US government is awarding up to $6.4 billion in CHIPS Act grants for Samsung's expansion of semiconductor operations in central Texas, USA.

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The US government is awarding Samsung up to $6.4 billion in grants to expand its chip production facilities in Texas, USA, to boost US-based semiconductor chipmaking.

US government to give Samsung up to $6.4 billion for Texas, USA fabs, R&D center 2002

The new $6.4 billion in funding is being fed through the 2002 CHIPS and Science Act, which will assist in the first two chip production facilities, an advanced packaging facility, and a research and development center planned by Samsung. These new facilities will be located in Taylor, Texas, USA.

These new funds will also help Samsung expand its semiconductor facility in Austin, Texas while boosting chip output for aerospace, defense, and auto industries while bolstering national security, administration officials told reporters and reported by Reuters.

Samsung Electronics co-CEO Kyung Kye Hyun, said: "To meet the expected surge in demand from U.S. customers, for future products like AI chips, our fabs will be equipped for cutting-edge process technologies and help bring security to the U.S. semiconductor supply chain".

Commerce Department Secretary Gina Raimondo said: "(These investments) will allow the U.S. to once again lead the world, not just in semiconductor design, which is where we do now lead, but also in manufacturing, advanced packaging, and research and development".

John Cornyn, a Republican U.S. senator from Texas who cosponsored the original legislation, said: "By investing in leading-edge semiconductor manufacturing, we are helping secure this vulnerable supply chain, boosting our national security and global competitiveness, and creating new jobs for Texans".

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NEWS SOURCE:reuters.com

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering and has recently taken a keen interest in artificial intelligence (AI) hardware.

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