Samsung to double Texas semiconductor investment to $44bn, expanding factory and R&D facility, receiving U.S. Chips Act subsidies.
Samsung plans to double its total semiconductor investment in Texas to $44bn, focusing on Taylor, near Austin, where the South Korean company is building a semiconductor hub. The new spending will include a new chip-making factory and a facility for advanced packaging and research and development. Samsung is expected to receive billions of dollars in subsidies from the U.S. Chips Act as part of efforts to strengthen U.S. semiconductor manufacturing and reduce reliance on Chinese suppliers.
April 05, 2024
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