The U.S. Department of Commerce has awarded Samsung up to $4.745 billion in direct funding under the CHIPS Incentives Program's Funding Opportunity for Commercial Fabrication Facilities. This funding will support Samsung's investment of over $37 billion to transform its Central Texas facilities into a comprehensive ecosystem for the development and production of leading-edge chips in the United States. The project includes two new leading-edge logic fabs, an R&D fab in Taylor, and an expansion of their existing Austin facility.
By continuing to develop the technologies of the future in the United States, Samsung is taking steps that would work towards strengthening U.S. economic and national security and increasing the resilience of both the U.S. and global semiconductor supply chains. The size and scope of Samsung's investment demonstrates its ongoing commitment to the United States, where it has been manufacturing chips since 1996. The CHIPS investment would support the creation of approximately 12,000 construction jobs and more than 3,500 manufacturing jobs within the next five years, while stimulating regional commercial growth, leveraging the robust two-year and four-year academic footprint in the state to produce the skilled workers needed to fill the critical roles created by the investment.
"With this investment in Samsung, the U.S. is now officially the only country on the planet that is home to all five leading-edge semiconductor manufacturers. This is an extraordinary achievement, which will ensure we have a steady, domestic supply of the most advanced semiconductors that are essential to AI and national security, while also creating tens of thousands of good-paying jobs and transforming communities across the country," said U.S. Secretary of Commerce Gina Raimondo. "Thanks to the bipartisan CHIPS and Science Act, we are unleashing the next generation of innovation, protecting our national security, and enhancing our global economic competitiveness."
"With nearly 30 years of semiconductor manufacturing experience in the United States, we are proud and grateful for the long-standing relationships we have established with our American partners and customers, as well as communities across Texas," said Young Hyun Jun, Vice Chairman and CEO of Device Solutions Division at Samsung Electronics. "Our agreement with the U.S. Government today under the CHIPS and Science Act represents another milestone as we continue to invest and build a state-of-the-art semiconductor ecosystem in the U.S. We look forward to further collaboration with our American partners to meet the evolving needs of the upcoming AI-driven era."
Apple supplier TSMC has already been awarded $6.6 billion in direct funding under the CHIPS Act for its Arizona facilities. You can check out the full list of awards and proposed funding at the link below...
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By continuing to develop the technologies of the future in the United States, Samsung is taking steps that would work towards strengthening U.S. economic and national security and increasing the resilience of both the U.S. and global semiconductor supply chains. The size and scope of Samsung's investment demonstrates its ongoing commitment to the United States, where it has been manufacturing chips since 1996. The CHIPS investment would support the creation of approximately 12,000 construction jobs and more than 3,500 manufacturing jobs within the next five years, while stimulating regional commercial growth, leveraging the robust two-year and four-year academic footprint in the state to produce the skilled workers needed to fill the critical roles created by the investment.
"With this investment in Samsung, the U.S. is now officially the only country on the planet that is home to all five leading-edge semiconductor manufacturers. This is an extraordinary achievement, which will ensure we have a steady, domestic supply of the most advanced semiconductors that are essential to AI and national security, while also creating tens of thousands of good-paying jobs and transforming communities across the country," said U.S. Secretary of Commerce Gina Raimondo. "Thanks to the bipartisan CHIPS and Science Act, we are unleashing the next generation of innovation, protecting our national security, and enhancing our global economic competitiveness."
"With nearly 30 years of semiconductor manufacturing experience in the United States, we are proud and grateful for the long-standing relationships we have established with our American partners and customers, as well as communities across Texas," said Young Hyun Jun, Vice Chairman and CEO of Device Solutions Division at Samsung Electronics. "Our agreement with the U.S. Government today under the CHIPS and Science Act represents another milestone as we continue to invest and build a state-of-the-art semiconductor ecosystem in the U.S. We look forward to further collaboration with our American partners to meet the evolving needs of the upcoming AI-driven era."
Apple supplier TSMC has already been awarded $6.6 billion in direct funding under the CHIPS Act for its Arizona facilities. You can check out the full list of awards and proposed funding at the link below...
Read More