The CHIPS and Science Act, passed by the U.S. government, provides $6.4 billion in funding to establish a semiconductor ecosystem in central Texas in collaboration with Samsung Electronics. This partnership will involve various projects at two locations in Texas, including the construction of two logic foundry fabs, a research and development fab, and an advanced packaging facility in the city of Taylor. Additionally, Samsung has pledged to work closely with the Department of Defense as part of this partnership.
U.S. Secretary of Commerce Gina Raimondo believes that investments like the one with Samsung under the CHIPS and Science Act will attract further private sector investments, ensuring the long-term stability required to position America at the forefront of the semiconductor supply chain. Samsung Electronics’ device solutions division president and CEO Kye Hyun Kyung stated that their goal is not only to expand production facilities but to strengthen the local semiconductor ecosystem and establish the U.S. as a global semiconductor manufacturing hub.
The city of Austin will also see an expansion of existing facilities to enable the production of technologies crucial to several U.S. industries due to this partnership between Samsung Electronics and