▪︎Samsung Electronics Head Office in Seoul, South Korea
The Biden-Harris Administration is providing a $6.4 billion grant to Samsung Electronics (Samsung) to build new semiconductor fabrication plants in Texas.
The U.S. Department of Commerce, disclosed this today , on its website.
“I signed the CHIPS and Science Act to restore U.S. leadership in semiconductor manufacturing and ensure America’s consumers, businesses, and military maintain access to the chips that underpin our modern technology,” said President Biden.
Biden said: ” The investment will unleash over $40 billion in investment from Samsung, and cement central Texas’s role as a state-of-the-art semiconductor ecosystem, creating at least 21,500 jobs and leveraging up to $40 million in CHIPS funding to train and develop the local workforce.”
U.S. Secretary of Commerce Gina Raimondo, added . “Proposed CHIPS investments will be a catalyst for continued private sector investments to help secure the long-term stability we need to put America at the beginning of our semiconductor supply chain and to safeguard a strong resilient ecosystem here at home.
The chips that Samsung will be making in Texas are important components to our most advanced technologies, from artificial intelligence to high-performance computing and 5G communications. With President Biden’s leadership and Samsung’s commitment to the U.S., this proposed funding advances America’s leadership in semiconductor manufacturing on the world stage.”
Under Secretary of Commerce for Standards and Technology and National Institute of Standards and Technology Director Laurie Locascio, noted that semiconductor research and development is critical to building a robust and thriving semiconductor manufacturing industry in the United States.
“Samsung’s plans to build a cutting-edge R&D and advanced packaging facilities in Texas are shining examples of the types of R&D projects that will help build, and heavily contribute to, America’s chip manufacturing industry,” said Locascio.
Kye Hyun Kyung, President and CEO of the Device Solutions (DS) Division at Samsung Electronics, said that Samsung’s not just expanding production facilities; we’re strengthening the local semiconductor ecosystem and positioning the U.S. as a global semiconductor manufacturing destination.
“To meet the expected surge in demand from U.S. customers, for future products like AI chips, our fabs will be equipped for cutting-edge process technologies and help advance the security of the U.S. semiconductor supply chain,” he added.