Overview

• Samsung has delayed mass production at its new Texas semiconductor factories until 2025, a year later than originally planned.
• The delay is reportedly due to financial uncertainties, including the slow distribution of subsidies from the U.S. government's CHIPS Act.
• The delay follows a similar postponement by Taiwan's TSMC, another leading chipmaker, which also delayed the opening of a plant in Arizona.
• Samsung's delay could impact U.S. efforts to increase domestic chip production and reduce reliance on Chinese manufacturers.
• Despite the CHIPS Act promising $100 billion in support to new semiconductor plants in the U.S., only $35 million has been granted so far.