The manufacture of leading-edge semiconductors is a critical part of the supply chain for advanced AI and other leading technologies,” said US National Economic Advisor Lael Brainard.“Today’s award unleashes nearly $37 billion in manufacturing investments from Samsung, which is the only semiconductor company that is a leader in both advanced memory and advanced logic chips.”The Biden administration has already decided to award other chipmakers such as Intel Corp.up to $7.9 billion, Taiwan Semiconductor Manufacturing Co.(TSMC) up to $6.6 billion and Micron Technology Inc.up to $6.2 billion under the CHIPS and Science Act – a nearly $53 billion program to encourage companies to build new semiconductor plants in the US.SK Hynix Inc., the world’s No.1 high bandwidth memory (HBM) maker, secured a total incentive of $958 million, including $458 million in direct funding and $500 million in loans.
TO MEET EVOLVING NEEDS OF AI-DRIVEN ERASamsung decided to increase its investment in Texas from the initial $17 billion it pledged in 2021 to build an advanced semiconductor factory and a packaging facility, in addition to the originally planned foundry plant.“Our agreement with the US government today under the CHIPS and Science Act represents another milestone as we continue to invest and build a state-of-the-art semiconductor ecosystem in the US,” said Jun Young-hyun, vice chairman and head of the semiconductor business of the South Korean tech giant.“We look forward to further collaboration with our American partners to meet the evolving needs of the upcoming AI-driven era.”The Commerce Department said Samsung is taking steps to strengthen US economic and national security and increase the resilience of both the domestic and global semiconductor supply chains.
The department also said the CHIPS investment would support the creation of approximately 12,000 construction jobs and more than 3,500 manufacturing jobs within the next five years.“This is an extraordinary achievement, which will ensure we have a steady, domestic supply of the most advanced semiconductors that are essential to AI and national security, while also creating tens of thousands of good-paying jobs and transforming communities across the country,” said U.S.
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