Under the Biden administration announcement, South Korean chipmakers will receive up to $6.4 billion in grants under the 2022 Chips and Science Act, which aims to boost U.S. semiconductor production to 20 percent of the world's leading chips by the end of the decade. ,
The funding will support Samsung Electronics' chip production facilities in Taylor and Austin, Texas, as well as other research centers and packaging facilities, Yonhap news agency reports.
This puts Samsung Electronics as the third-largest beneficiary of the U Chips Act program, behind Intel with up to $8.5 billion in grants and $1 billion in loans, and Taiwan's TSMC with up to $6.6 billion in grants and about $5 billion. With a loan of Rs.
At the same time, Samsung will increase its investment in its semiconductor plants in Texas from $17 billion to more than $40 billion.
Additional investment will include the construction of another semiconductor production facility in addition to the existing plant in Taylor, as well as advanced packaging and research and development (R&D) facilities.As a world-leading semiconductor maker, Samsung's production capacity and commitment to US investment have led to the third-largest subsidy deal with Washington, experts said.
Kim Yang-paeng, a researcher at the Korea Institute of Industrial Economics and Trade, said, "Samsung Electronics seems to be better evaluated than its competitors by the US government in terms of future investment plans, scale and company value "
"The US grant will help the company reduce the amount of its own money used for direct investment in overseas expansion. This is good for Samsung Electronics," he said.
It would also be possible for the South Korean chip maker to expand participation in the advanced semiconductor supply chain through local production in the United States, where global big tech companies are located.
The funding will support Samsung Electronics' chip production facilities in Taylor and Austin, Texas, as well as other research centers and packaging facilities, Yonhap news agency reports.
This puts Samsung Electronics as the third-largest beneficiary of the U Chips Act program, behind Intel with up to $8.5 billion in grants and $1 billion in loans, and Taiwan's TSMC with up to $6.6 billion in grants and about $5 billion. With a loan of Rs.
At the same time, Samsung will increase its investment in its semiconductor plants in Texas from $17 billion to more than $40 billion.
Additional investment will include the construction of another semiconductor production facility in addition to the existing plant in Taylor, as well as advanced packaging and research and development (R&D) facilities.As a world-leading semiconductor maker, Samsung's production capacity and commitment to US investment have led to the third-largest subsidy deal with Washington, experts said.
Kim Yang-paeng, a researcher at the Korea Institute of Industrial Economics and Trade, said, "Samsung Electronics seems to be better evaluated than its competitors by the US government in terms of future investment plans, scale and company value "
"The US grant will help the company reduce the amount of its own money used for direct investment in overseas expansion. This is good for Samsung Electronics," he said.
It would also be possible for the South Korean chip maker to expand participation in the advanced semiconductor supply chain through local production in the United States, where global big tech companies are located.
