The US agrees to give up to $6.4 billion to Samsung to manufacture chips in Texas

The US agrees to give up to $6.4 billion to Samsung to manufacture chips in Texas

The U.S. Commerce Department announced Monday that it will provide up to $6.4 billion to Korean technology company Samsung Electronics to develop a research and chip manufacturing center in Taylor, Texas, and to expand an existing facility in nearby Austin. .

In a statement from the White House, United States President Joe Biden said that the subsidies, which are part of the Chips and Science Law of 2022, approved by Congress, will help Samsung increase its investment in Texas to more than $40 billion and create more than 20,000 jobs.

In his statement, Biden said that “these facilities will support the production of some of the most powerful chips in the world, which are essential for advanced technologies such as artificial intelligence and will strengthen the national security of the United States.

The Commerce Department said Samsung's new facility in Taylor will include a new research and development center as well as a factory for advanced packaging, the final step before semiconductors can be used in electronic systems.

In a statement, US Secretary of Commerce Gina Raimondo said: “The chips that Samsung will manufacture in Texas are important components of our most advanced technologies, from artificial intelligence to high-performance computing and 5G communications.”

He said the CHIPS Act investments are designed to spur continued private sector investment and help create a semiconductor supply chain based in the USA.

Last week, the Commerce Department announced similar grants to Taiwan Semiconductor Manufacturing Company for a plant it is building in Phoenix, Arizona, and to U.S. chipmaker Intel in Santa Clara, California.

[Parte de la información para este informe fue proporcionada por The Associated Press, Reuters y Agence France-Presse]

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