The United States Commerce Department announced significant investments in the US semiconductor industry on Friday, awarding Samsung Electronics and Texas Instruments (TI) billions under the CHIPS Incentives Program. These funds aim to enhance domestic chip production, bolster national security, and create thousands of jobs.
Samsung received up to $4.745 billion to support its $37 billion investment in Central Texas, which includes two advanced logic fabs, an R&D facility in Taylor, and an expansion of its Austin site. "With this investment in Samsung, the US is now officially the only country on the planet that is home to all five leading-edge semiconductor manufacturers," Commerce Secretary Gina Raimondo noted.
Meanwhile, Texas Instruments was awarded $1.61 billion for its $18 billion investment in new facilities in Texas and Utah. These projects focus on producing foundational semiconductors to address supply chain vulnerabilities exposed during the pandemic.
