Boosting Domestic Chip Production

The United States Commerce Department has announced substantial investments in the domestic semiconductor industry, awarding Samsung Electronics and Texas Instruments (TI) billions under the CHIPS Incentives Program. These funds are aimed at enhancing local chip production, strengthening national security, and creating thousands of jobs.

Samsung's Investment in Texas
Samsung received up to $4.745 billion to support its $37 billion investment in Central Texas, which includes two advanced logic fabs, an R&D facility in Taylor, and an expansion of its Austin site. "With this investment in Samsung, the US is now officially the only country on the planet that is home to all five leading-edge semiconductor manufacturers," Commerce Secretary Gina Raimondo noted.

Texas Instruments' Expansion Projects
Meanwhile, Texas Instruments was awarded $1.61 billion for its $18 billion investment in new facilities in Texas and Utah. These projects focus on producing foundational semiconductors to address supply chain vulnerabilities exposed during the pandemic.