Samsung Nets $6.4B For Texas Chip Plants

- Advertisement -

Boosting U.S. chip production, Samsung’s massive investment aims to enhance AI and national security tech.

Samsung Electronics has been granted $6.4 billion by the U.S. Commerce Department under the CHIPS and Science Act to significantly expand its semiconductor manufacturing in Taylor and Austin, Texas. Announced on Monday, this funding will facilitate the construction of two new logic fabrication plants and the expansion of an existing facility. Set to generate over 21,500 jobs and bolster advanced technology capabilities, these developments mark a strategic enhancement of the U.S. semiconductor landscape, vital for future tech innovations and national security.

Samsung’s investment, totaling over $40 billion regionally, underscores a major uplift in local manufacturing capabilities and employment opportunities. The projects will not only include the construction of a research and development fab and an advanced packaging fab but also an expansion of the current Austin plant. According to the Commerce Department, this expansion will generate 17,000 construction jobs and 4,500 in manufacturing, pivotal for the regional economy.

- Advertisement -

“The new facilities will play a crucial role in producing some of the world’s most sophisticated chips, integral to cutting-edge technologies like artificial intelligence,” stated President Joe Biden. These chips are crucial for everything from consumer electronics to high-performance computing and military applications. The focus will be on 4nm and 2nm process technologies for logic foundry fabs and advanced 3D high bandwidth memory and 2.5D packaging in the R&D facility, which are essential for the next generation of AI applications.

Having been a part of Texas’s semiconductor scene since 1996, Samsung’s additional investment reiterates its long-standing commitment to the region and the U.S. semiconductor industry. This initiative is part of a broader national effort to revitalise domestic chip manufacturing, with the Biden administration disbursing approximately $23 billion in CHIPS funding to various key players, including a recent $6.6 billion to Taiwan Semiconductor Manufacturing Co. in Phoenix. Samsung’s Texas projects are poised to not only advance U.S. technology but also strengthen its economic and national security framework.


 

- Advertisement -

Most Popular Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

NVIDIA Record $26B Q1 Revenue, Announces Stock Split And Dividend Hike

0
The quarterly cash dividend has been raised by 150%, resulting in $0.01 per share on a post-split basis. NVIDIA reported first-quarter revenue for the period...

“AIC-T-Hub Aims To Grow Startups So More Indian Unicorns Can Contribute To The GDP”

0
T-Hub has collaborated with Atal Incubation Centre (AIC), initiated by the Atal Innovation Mission to incubate semiconductor startups, fostering innovation for India’s advancement in...

Pros And Cons: Boult’s Varun Gupta On Contract Electronics Manufacturing

0
While contract electronics manufacturing is not a new concept in India, it has lately picked up a pace never seen before. But what has...

Buzz

NVIDIA Record $26B Q1 Revenue, Announces Stock Split And Dividend Hike

0
The quarterly cash dividend has been raised by 150%, resulting in $0.01 per share on a post-split basis. NVIDIA reported first-quarter revenue for the period...

ASUS IoT And BRESSNER Technology Launch CTOS

0
The collaborative approach seamlessly integrates advanced features across CTOS solutions, fostering synergy. ASUS IoT has recently unveiled a strategic collaboration with BRESSNER Technology, aiming to...

Samsung Appoints Veteran Amid AI Chip Challenges

0
This shake-up, effective immediately, sees Young Hyun Jun transitioning from his role in future business planning to tackle the booming demand for high-end AI...

Important Sectors

Renault Kwid, Maruti eVX: 15 Upcoming EVs Under ₹10 Million (1 Crore) In India

0
Should you wait or buy an electric car from the existing options in India? Well, that’s a question only you should answer! However, if...

Commercial EV Finance: Empowering Younger Companies To Drive Growth

0
While electric three-wheelers have emerged as the face of EV adoption in India, startups engaged in their retail need increased access to finance for...

Samsung Appoints Veteran Amid AI Chip Challenges

0
This shake-up, effective immediately, sees Young Hyun Jun transitioning from his role in future business planning to tackle the booming demand for high-end AI...

Imec-Led European Labs To Get $2.7B From Chips Act Funding

0
Europe's chip revolution gains momentum with a €2.5 billion investment in cutting-edge pilot production line for sub-2nm technologies, aiming to elevate domestic production and...

Progress And Challenges In Autonomous Commuting

0
Despite over a decade of technological advancements and testing in cities like Phoenix and San Francisco, robotaxis still faces significant hurdles.  Companies like Waymo, Cruise,...

Manufacturing

Imec-Led European Labs To Get $2.7B From Chips Act Funding

0
Europe's chip revolution gains momentum with a €2.5 billion investment in cutting-edge pilot production line for sub-2nm technologies, aiming to elevate domestic production and...

EVR Motors Discusses Tech Sharing With Indian OEMs

0
The Israel-based EVR Motors designs Radial Flux Permanent Magnet (RFPM) motors and licenses this technology for manufacturing by OEMs and component makers. EVR Motors, an...

Automotive Electronics Industry Growth Prospects And Strategies

0
From electric vehicles (EVs) to autonomous vehicles, discover the challenges, key players, and market segments driving a $136 billion industry revolutionising vehicles and the...
Siemens and CSA

Siemens To Sell Innomotics To KPS For $3.8B

0
Siemens chief financial officer Ralf Thomas expressed his pleasure at the significant progress made in optimizing their portfolio through the sale of Innomotics to...
Siemens and CSA

Siemens Limited Announces ₹1000 Crore Capex

0
In a statement, Siemens announced that it is expanding its factory operations in Goa to address the rapidly growing demand for essential industry components. Siemens...