The US government will offer up to $6.4 billion in direct funding to Samsung Electronics to build chipmaking facilities in central Texas to produce the world's most advanced semiconductors, the Commerce Department announced on Monday, Ednews informs via Nikkei Asia.
While this is smaller in absolute terms than the grants awarded to Intel and TSMC under the CHIPS and Science Act of 2022, it is the largest of the three relative to the size of the company's promised investment.
The grant will help Samsung build two chip factories to mass produce 2-nanometer chips, an advanced packaging facility and a research and development fab, all in Taylor, Texas, Commerce Secretary Gina Raimondo told reporters on Sunday. Samsung will also expand an existing facility in Austin, Texas, to produce power-efficient chips critical for aerospace, defense and automotive applications.