Samsung Electronics to receive up to $6.4B in CHIPS Act funding for Texas expansion

Samsung Electronics announced it will receive up to $6.4 billion in direct funding under the CHIPS and Science Act to expand its semiconductor manufacturing operations in Central Texas, including its new facility in Taylor, Texas. The company expects to invest more than $40 billion in the region in the coming years.

“We’re not just expanding production facilities; we’re strengthening the local semiconductor ecosystem and positioning the U.S. as a global semiconductor manufacturing destination.”semiconductor.samsung.com

• 2 sources
• semiconductor.samsung.comSamsung Electronics to receive up to $6.4 billion in direct funding under the CHIPS and Science Act | Samsung Semiconductor GlobalApr 15, 2024
• cbsnews.comSamsung gets $6.4 billion in federal funds to manufacture computer chips in Texas - CBS TexasApr 15, 2024

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