U.S. Finalizes $6.75 Billion in Semiconductor Grants for Samsung, Texas Instruments, and Amkor"

• Key Details:

  1. Samsung Electronics: Will receive up to $4.745 billion, a reduction from the initial $6.4 billion, reflecting smaller investment plans. Samsung now plans to invest $37 billion to complete chip production facilities by 2030.
  2. Texas Instruments: Awarded up to $1.61 billion to support a pledged $18 billion investment in new factories in Texas and Utah, creating approximately 2,000 manufacturing jobs.
  3. Amkor Technology: Secured $407 million to build a $2 billion advanced semiconductor packaging facility in Arizona, its largest U.S. site, focusing on autonomous vehicles, 5G/6G, and data centers.

• Background:
  Congress approved a $39 billion subsidy program for U.S. semiconductor manufacturing and supply chain development. Over $33 billion in funding has been finalized, including earlier awards to Intel and SK Hynix.

• Broader Impact:
  These investments aim to strengthen the U.S. semiconductor supply chain, reduce reliance on foreign sources, and bolster the nation's technological competitiveness.

News Source : https://techbullion.com/us-to-award-up-to-6-75-billion-for-chips-to-samsung-texas-instruments-and-amkor/