U.S. Allots Over Half of $39B Chip Funding to Samsung, Intel, TSMC; Aims to Boost Domestic Production

$23 billion of the $39 billion set aside for chip manufacturers has been allotted so far, with major awards going to Samsung, TSMC, Intel, and smaller companies.

This week's $6.4 billion Samsung announcement will help fund new facilities in Texas focused on advanced logic chips and memory chips.

Additional upcoming awards are likely to focus on memory chips and less advanced but still important chip production.

There have been over $70 billion in requests for leading edge funding, far exceeding the $39 billion available.

The semiconductor supply chain is also a priority, with hopes to onshore 20% of advanced logic chip production by 2030.