# 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.

- Type: Investment
- Announced: 2024-04-15
- Where: Taylor, Texas, United States
- Value: $6.40B
- Jobs: 4,500
- Starts operating: 2026
- Status: announced
- Products: semiconductor chips
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Samsung Electronics](https://endata.com/companies/647.md)
- [U.S. Department of Commerce](https://endata.com/companies/74718.md) (investor)

## Sources

- [semiconductor.samsung.com](https://semiconductor.samsung.com/sas/local-news/samsung-electronics-to-receive-up-to-6-4-billion-in-direct-funding-under-the-chips-and-science-act/), 2024-04-15: "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."
- [cbsnews.com](https://www.cbsnews.com/texas/news/samsung-semiconductor-chip-factory-austin-taylor-texas/), 2024-04-15: "The proposed project will propel Texas into a state-of-the-art semiconductor ecosystem."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.