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US grants Samsung $6.4B for chip manufacturing in Texas · Endata

◂ Announcements

Apr 15, 2024INVESTMENTTaylor, Texas; Austin, Texas, United States

US grants Samsung $6.4B for chip manufacturing in Texas

The US Department of Commerce signed a preliminary memorandum with Samsung for $6.4 billion in direct funding under the CHIPS Act to support a new chip manufacturing hub in Taylor, Texas, and expansion of an existing site in Austin, creating over 20,000 jobs.

Value

$6.40B

Jobs

20,000

Status

Announced

Productsadvanced logic chips

CompaniesSamsung US Department of Commerce investor

Sectors#Semiconductors and Industrial Electronics

“The chips that Samsung will be making in Texas are important components to our most advanced technologies, from artificial intelligence to high-performance computing and 5G communications.”forbesmiddleeast.com

1 source
forbesmiddleeast.comUS Grants Samsung $6.4B To Produce Advanced Chips In TexasSamra Ahmed, Julian Nabil, Ola Noureldin, Sana Tahir, James EmmanuelApr 15, 2024

Summarized from public sources; check the original articles before acting on it.

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