Samsung Delays Texas Chip Factory Production to 2025

Financial uncertainties and slow CHIPS Act payouts contribute to the delay, impacting U.S. semiconductor ambitions.

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.