Awarded by the US Department of Commerce SAMSUNG And Texas Instruments With a combined amount of more than $6 billion in “direct funding under the Commercial Manufacturing Funding Opportunity of the CHIPS Incentive Program,” according to a pair of announcements published Friday.
Samsung will receive the largest of the two prizes at $4.745 billion. Commerce Department says The company will use it as part of its planned $37 billion investment in Texas chip facilities, including two new “leading-edge logic fabs and an R&D fab” in Taylor, Texas, and an expansion of its plant in Austin.
The company originally expected to receive $6.4 billion. in a statement reported by bloombergAccording to the outlet, the company said that its “medium to long-term investment plan has been partially revised to optimize overall investment efficiency”, which suggests that the company has scaled back its plans.
Texas Instruments to receive $1.61 billion to boost funding to $18 billion plan to spend On projects such as building two wafer fabs in Texas and a third in Utah. Department of Commerce announced Smaller awards also came this week, including $407 million in funding for Amcor Technology, a US company that tests and packages chips. For companies like Apple,
All three awards were announced earlier this year, with Samsung being the first to announce it in April, and they join other CHIPS Act funding grants awarded to companies like Micron, Intel and TSMC. And their finalization comes just a month before Donald Trump, who has criticized the CHIPS Act, takes over as US President on January 20.