Samsung Electronics is expected to invest more than $40bn in support of the US semiconductor supply chain, and the Biden-Harris Administration has today (15th April) announced up to $6.4bn in direct funding for the firm under the CHIPS and Science Act.
The agreement has been solidified with a signed non-binding preliminary memorandum of terms (PMT) between the US Department of Commerce and Samsung.
Specifically, the investment will boost the company’s projects in Taylor and Austin.
In Taylor, Samsung will develop a manufacturing network focused on semiconductor production. The network will be comprised of factories for producing 4nm and 2nm semiconductors, a research facility, and a packaging facility producing 3D high bandwidth memory and 2.5D packaging.
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