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It’s Only Common Sense: Innovative Sales Strategies for SuccessSEMI Applauds U.S. Chips Act Award for Samsung Electronics Facilities to Strengthen Domestic Semiconductor Supply Chain
April 17, 2024 | SEMIEstimated reading time: 1 minute
SEMI, the industry association serving the global electronics design and manufacturing supply chain, applauded the United States Department of Commerce’s announcement of a Preliminary Memorandum of Terms for an award under the CHIPS and Science Act to support the expansion of Samsung Electronics’ presence in Texas and the company’s development and production of leading-edge chips. The award includes $6.4 billion in grants and an investment tax credit to help fund two new leading-edge logic fabs, a research and development fab, and an advanced packaging facility in Taylor, Texas. Samsung Electronics will also use the funding to expand its Austin fabs.
“SEMI applauds the U.S. Department of Commerce for this latest step to enhance the resilience of the domestic semiconductor supply chain and supply of advanced chips,” said Joe Stockunas, President of SEMI Americas. “The CHIPS and Science Act investment will enable Samsung Electronics to grow its manufacturing footprint in Texas while supporting the buildout of an ecosystem with advanced packaging and R&D capabilities.”
“With Samsung expected to invest more than $40 billion in the region in the coming years, this proposed CHIPS investment would strengthen the standing of Central Texas as a leading-edge semiconductor ecosystem, creating more than 4,500 good-paying manufacturing jobs and 17,000 construction jobs,” Stockunas said.
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