The White House is seen as dusk falls, Sunday, April 14, 2024, in Washington. –
, which President Joe Biden signed into law in 2022 with the goal of reviving the production of advanced computer chips domestically.“The proposed project will propel Texas into a state of the art semiconductor ecosystem,” Commerce Secretary Gina Raimondo said on a call with reporters. “It puts us on track to hit our goal of producing 20% of the world’s leading edge chips in the United States by the end of the decade.
Samsung's cluster in Taylor, Texas, would include two factories that would make four- and two-nanometer chips. Also, there would be a factory dedicated to research and development, as well as a facility for the packaging that surrounds chip components.
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Biden Administration to Award $6-7 Billion to Samsung for Chip Expansion in TexasThe Biden administration plans to provide a subsidy of $6-7 billion to Samsung in order to expand its chip output in Taylor, Texas. The subsidy will go towards the construction of four facilities, including a $17 billion chipmaking plant, another factory, an advanced packaging facility, and a research and development center. Samsung will also increase its U.S. investment to over $44 billion as part of the deal.
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