Daily Management Review

Samsung will receive up to $6.4 billion from the U.S. and increase investment in the country to $45 billion


According to Nikkei Asia, which quotes US officials, South Korean electronics giant Samsung Electronics would double its investment in the US from $17 billion to roughly $45 billion and get up to $6.4 billion in support from the US government.

Open Grid Scheduler via flickr
Open Grid Scheduler via flickr
Samsung intends to construct two chip facilities employing 2-nanometer technology in Texas, along with a chip packaging and research and development (R&D) facility. Additionally, the company plans to enlarge an already-existing facility and make energy-efficient chips for the defense, aerospace, and automotive industries.

Production at the first facility will begin in 2026. the R&D center will open in 2027.

Prior to this, US authorities allocated $6.6 billion for Taiwan Semiconductor Manufacturing Company and $8.5 billion for Intel. The Chips and Science Act is the legal basis for the monies, which are intended to support the growth of the US semiconductor industry.

source: asia.nikkei.com