U.S. Department of Commerce

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.

TSMC announced plans to build a third leading-edge semiconductor fab at its Arizona site in Phoenix, bringing total investment to over $65 billion. The U.S. Department of Commerce proposed up to $6.6 billion in direct CHIPS Act funding for the project.

GlobalFoundries will construct a new state-of-the-art fab on its Malta campus to meet expected customer demand for U.S.-made essential chips for automotive, aerospace, defense and AI markets.

The U.S. Department of Commerce announced preliminary terms for approximately $162 million in CHIPS Act funding to Microchip Technology to modernize and expand fabrication facilities in Colorado Springs, Colorado, and Gresham, Oregon, creating over 700 jobs.