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4mo ago

U.S. Awards $6.75 Billion to Boost Domestic Semiconductor Production

Samsung, Texas Instruments, and Amkor secure major funding as part of efforts to strengthen U.S. chip manufacturing and reduce reliance on foreign supply chains.

Overview

  • The Commerce Department finalized $4.745 billion for Samsung, $1.61 billion for Texas Instruments, and $407 million for Amkor Technology to expand semiconductor production and packaging facilities in the United States.
  • Samsung's revised plans include a $37 billion investment in Texas facilities by 2030, down from an earlier $45 billion commitment, reflecting updated market conditions and investment strategies.
  • Texas Instruments will invest over $18 billion by 2029 to build two factories in Texas and one in Utah, creating 2,000 manufacturing jobs and expanding U.S. capacity for current-generation semiconductors.
  • Amkor's new $2 billion advanced semiconductor packaging facility in Arizona will support technologies like autonomous vehicles and 5G/6G, with Apple as its first major customer.
  • The funding comes under the CHIPS and Science Act, a $39 billion program aimed at bolstering U.S. semiconductor manufacturing, with over $33 billion in incentives now finalized by the Biden administration.