Posted 4/15/2024, 11:06:00 AM
U.S. Invests $6.4 Billion to Support New Samsung Chip Plants in Texas, Projected to Create Over 20,000 Jobs
- U.S. government providing up to $6.4 billion to Samsung for new computer chip manufacturing facilities in Texas
- Total investment expected to exceed $40 billion when combined with Samsung's private funding
- Part of broader CHIPS Act goal to boost domestic advanced semiconductor production
- Project expected to create 17,000+ construction jobs and 4,500+ manufacturing jobs
- New Samsung cluster to include chip fabrication plants, R&D facility, and packaging plant