The US finalizes CHIPS Act funding for Samsung and Texas Instruments

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Illustrations of a grid of processors seen at an angle with the middle one flipped over to show the pins and the rest shrouded in a green aura
Illustration by Alex Castro / The Verge

The US Commerce Department has awarded Samsung and Texas Instruments with a combined over $6 billion in “direct funding under the CHIPS Incentives Program’s Funding Opportunity for Commercial Fabrication,” according to a pair of announcements published on Friday.

Samsung will get the larger of the two awards at $4.745 billion. The Commerce Department says the company will use this as part of its planned $37 billion investment in Texas chip facilities that include two new “leading-edge logic fabs and an R&D fab” in Taylor, Texas, and the expansion of its plant in Austin.

The company was originally slated to receive $6.4 billion. In a statement reported by Bloomberg, the company said that its “mid-to-long-term investment plan has been partially revised to optimize overall investment efficiency,” which suggests the company has dialed back its plans, according to the outlet.

Texas Instruments will receive $1.61 billion to bolster the $18 billion it plans to spend on projects like constructing two wafer fabs in Texas and a third in Utah. The Commerce Department announced smaller awards this week too, including $407 million in funding for Amkor Technology, a US-based company that...

Read the full story at The Verge.



source https://www.theverge.com/2024/12/21/24326617/samsung-texas-instruments-chips-act-us-manufacturing-funding

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