With the help of the US government’s CHIPS Act, Samsung plans to expand its investment in Texas, bringing the total investment to$440 million, and plans to increase the scale of chip production lines, packaging and R&D space in Tyler, East Texas.
Prior to this, Samsung had invested nearly US$200 billion in Texas to build chip production lines and R&D-related facilities, and this time, with subsidies from the US government, it has further expanded its investment in Texas.
According to reports, Samsung expects to receive more than $60 billion in subsidies from the US government to increase the proportion of chips produced in the United States.GlobalFoundriesIt also received $15 billion in grants through the Chips and Science Act and an additional $16 billion in loans. Intel receivedUp to $85 billion in subsidies, becoming the largest recipient of subsidies under the Chips and Science Act.
The US government will officially sign and approve the Chips and Science Act as early as 2022, with the goal of promoting the research and development and manufacturing of cutting-edge semiconductor products in the United States, reducing dependence on external supply, and avoiding being restricted by China's supply chain issues.
