Samsung U.S. Grant Increases Austin Investment to $45B

A US Department of Commerce (DOC) Chips Grant has been awarded to Samsung. It would provide $6.4 billion in direct funding at its fab in Taylor and expand its Austin facility. It could increase Samsung’s planned investment in the region to $45 billion. The DOC says the proposed investment would support the creation of over 20,000 jobs.

The proposed investment would be split across multiple projects at two separate locations in Central Texas:

• Taylor, Texas: Construct a comprehensive advanced manufacturing ecosystem, transforming the small municipality of Taylor into an expansive hub of leading-edge semiconductor manufacturing. This ecosystem would include two leading-edge logic foundry fabs focused on mass production of 4nm and 2nm process technologies.
• Austin, Texas: This proposed investment would expand the existing facilities to support the production of leading fully depleted silicon-on-insulator (FD-SOI) process technologies for critical U.S. industries, including aerospace, defense, and automotive.