Samsung close to securing $6 billion grant for chip plant in Texas
According to a new report from Reuters, Samsung may soon receive a $6 billion grant from the US government to expand its chip-making factories stateside. The new grant will be part of the CHIPS and Science Act which authorizes over $280 billion in funding to boost semiconductor research and manufacturing in the US.
Samsung is currently building its chip manufacturing plant in Taylor, Texas which is expected to be operational later this year with 2,000 employees. The fab was initially expected to cost around $17 billion but costs have reportedly risen above $25 billion as per the latest estimates. Samsung already has a chip manufacturing plant in Austin, Texas where it also boasts its semiconductor headquarters.
Reader comments
- Anonymous
Right now both AMD and Nvidia are using TSMC for their latest products. That could of course change in the future, but TSMC has said that their non-Taiwanese fabs will NOT produce on the latest nodes at any point. Samsung will likely have a similar p...
- 18 Mar 2024
- IbI
- AnonD-1148823
Samsung A14 5G (Top8), Samsung A14 (Top10) Samsung 04e (Top 9) is in top 10 selling smarthone in whe world. Source gsmarena: https://www.gsmarena.com/counterpoint_apple_had_7_of_the_10_bestselling_smartphones_in_2023-news-61694.php
- 17 Mar 2024
- L1m
- Anonymous
Why? The A1x series is Samsung's best selling phones each year, not the A5x or A3x series and certainly not the S series. You don't really think Samsung is maintaining market share through their flagship phones ala Apple, do you?
- 17 Mar 2024
- tZ4