Posted 4/15/2024, 9:21:17 AM
U.S. Pledges $6.4 Billion to Support New Samsung Chip Plants in Texas
- U.S. government announced $6.4 billion subsidy for Samsung to build advanced chip factories in Texas
- Part of $40 billion Samsung is investing to upgrade existing factory and build a second one
- Samsung also adding new research center and advanced chip packaging facility
- Comes week after $6.6 billion subsidy for TSMC to expand operations in Arizona
- Money from $39 billion CHIPS Act fund to encourage domestic chip manufacturing