The U.S. government has announced plans to provide $6.4 billion in funding through the CHIPS and Science Act to support the establishment of a semiconductor ecosystem in central Texas in collaboration with Samsung Electronics. This partnership would involve various projects at two locations in Texas, with the city of Taylor expected to have the construction of two logic foundry fabs, a research and development fab, and an advanced packaging facility. Additionally, the city of Austin will see the expansion of existing facilities to enable the production of technologies crucial to several U.S. industries.
U.S. Secretary of Commerce Gina Raimondo believes that investments like the one with Samsung under the CHIPS and Science Act will attract further private sector investments, ensuring the long-term stability required to position America at the forefront of the semiconductor supply chain. Samsung Electronics’ device solutions division president and CEO Kye Hyun Kyung stated that their goal is not only to expand production facilities but to strengthen the local semiconductor ecosystem and establish the U.S. as a global semiconductor manufacturing hub.
As part of this partnership, Samsung has pledged to work closely with the Department of Defense as well as other government agencies involved in national security initiatives such as cybersecurity and artificial intelligence research to ensure that critical technologies are developed domestically and securely within our borders while maintaining international competitiveness in these areas
