US EditionUS finalizes $4.7 bil. in CHIPS Act subsidy to Samsung Electronics
- The Biden administration finalized a grant of up to $4.75 billion to Samsung Electronics to make advanced semiconductors in the U.S.
- The revised grant amount is less than the $6.4 billion announced in April 2024.
- Samsung Electronics is downsizing its investment in the U.S. from over $40 billion to more than $37 billion for its Texas facilities.
- The U.S. has cut Samsung's Chips Act award by nearly $1.7 billion.
24 Articles
24 Articles
DOC finalizes semiconductor awards totaling nearly $7 billion for Samsung, Texas Instruments and Amkor - WorldNL Magazine
The US Department of Commerce on Friday announced its awards for Samsung, Texas Instruments and Amkor Technology under the CHIPS Incentives Program, which come to more than $6.75 billion altogether. The program is meant to help expand domestic semiconductor...
The US finalizes CHIPS Act funding for Samsung and Texas Instruments
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 $…
US finalizes $4.7 bil. in CHIPS Act subsidy to Samsung Electronics
The U.S. Commerce Department said Friday that it awarded Samsung Electronics up to $4.745 billion in direct funding to support the Korean tech giant's chipmaking investment in central Texas, as it strives to strengthen domestic semiconductor production.
U.S. Bolsters Chip Production with Billion-Dollar Incentives
U.S. Bolsters Chip Production with Billion-Dollar Incentives The U.S. Commerce Department announced it is finalizing awards totaling billions to bolster domestic chip production. Up to $4.745 billion will go to South Korea's Samsung Electronics, and $1.61 billion will be provided to Texas Instruments.Samsung's revised investment plan now includes $37 billion toward new facilities in the U.S., a reduction from initial projections of $45 billion.…
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