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.

• 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.

3 Articles

CNA