White House providing $6.4 billion to Samsung for chip making in Texas

[pmbug]

The Biden administration has reached an agreement to provide up to $6.4 billion in direct funding for Samsung Electronics to develop a computer chip manufacturing and research cluster in Texas.

The funding announced Monday by the Commerce Department is part of a total investment in the cluster that, with private money, is expected to exceed $40 billion. The government support comes from the CHIPS and Science Act, which President Joe Biden signed into law in 2022 with the goal of reviving the production of advanced computer chips domestically.
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Samsung’s cluster in Taylor, Texas, would include two factories that would make four- and two-nanometer chips. Also, there would be a factory dedicated to research and development, as well as a facility for the packaging that surrounds chip components.

The first factory would begin production in 2026, with the second starting in 2027, according to the government.

The funding also would expand an existing Samsung facility in Austin, Texas.
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https://www.msn.com/en-us/money/mar...-samsung-for-chip-making-in-texas/ar-BB1lDX8F

Trying to lessen the dependence on Taiwan for critical manufacturing.

 

[WinkWink]

 

[nickndfl]

Funny thing is they will need to export the chips to Taiwan or China to get any finished goods manufactured.