U.S. Finalizes $6.75 Billion in CHIPS Act Funding for Samsung, Texas Instruments, and Amkor

The funding supports major semiconductor projects, including Samsung’s 2nm fab, Texas Instruments’ analog chip facilities, and Amkor’s advanced packaging plant.

• Samsung will receive up to $4.745 billion to support its $37 billion investment in Texas, including two new 2nm-capable fabs, an R&D facility, and the expansion of its Austin plant.
• Texas Instruments is awarded $1.61 billion to help fund three new fabs in Texas and Utah, focusing on analog and embedded chips for industries like automotive and medical devices.
• Amkor secures $407 million to build a $2 billion advanced packaging facility in Arizona, set to become the largest of its kind in the U.S. and primarily serve TSMC customers, including Apple.
• The projects are expected to create tens of thousands of jobs, including 17,000 during construction for Samsung and thousands more across Texas Instruments and Amkor facilities.
• The CHIPS Act funding aims to bolster domestic semiconductor production and reduce reliance on foreign supply chains, with completion timelines extending into the next decade.

3 Articles

Tom's Hardware Engadget The Verge