The Biden administration will provide Samsung up to $6.4B to develop a $40B+ computer chip manufacturing and research cluster in Texas.
by JOSH BOAK Associated PressFILE - The logo of the Samsung Electronics Co. is seen during a media tour at Samsung Electronics' headquarters in Suwon, South Korea, June 13, 2023. The Biden administration has reached an agreement to provide up to $6.4 billion in direct funding for Samsung Electronics to develop a computer chip manufacturing and research cluster in Texas .
"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.
Biden Administration CHIPS And Science Act Chip Production National Security Samsung Semiconductor Ecosystem Texas
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