# 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.

- Type: Investment
- Announced: 2024-04-15
- Where: Taylor, Texas; Austin, Texas, United States
- Value: $6.40B
- Jobs: 20,000
- Status: announced
- Products: advanced logic chips
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Samsung](https://endata.com/companies/5951.md)
- [US Department of Commerce](https://endata.com/companies/76815.md) (investor)

## Sources

- [forbesmiddleeast.com](https://forbesmiddleeast.com/innovation/technology/us-to-award-samsung-$64b-to-bolster-domestic-semiconductor-production), 2024-04-15: "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."

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