The Biden administration has announced a substantial investment in the semiconductor industry by awarding Samsung Electronics up to $6.4 billion in grants under the CHIPS Act. This funding is part of a broader initiative to enhance U.S. chip manufacturing capabilities and reduce dependence on foreign technology. Samsung plans to utilize this grant to expand its chip production facilities in central Texas, specifically in Taylor and Austin. The project includes the development of advanced 2nm and 4nm logic chips and 2.5D packaging, aiming to commence production by 2026. Additionally, Samsung's total investment in this initiative is expected to exceed $40 billion, which will also support local workforce training, benefit from a 25% investment tax credit, and create approximately 21,500 jobs.
The White House awarded Samsung $6.4 billion to boost chip production in Central Texas. Story: https://t.co/nkYGZGRIcP https://t.co/Hgu7qw2oh3
Thanks to @POTUS’ CHIPS and Science Act, Samsung is building a state-of-the-art semiconductor ecosystem in central Texas that will create over 20,000 jobs. https://t.co/Zw4M65lNGK
The future is full of advanced chips, & many of those will be #MadeInTexas. Yesterday, I met with @Samsung executives to discuss their $40 BILLION investment in Texas. Our partnership will ensure Texas is the premier semiconductor hub in America. More: https://t.co/wbI2b7Ba03 https://t.co/2JIZFom3o6
Samsung to Receive $6.4 Billion Under CHIPS Act to Build $40 Billion Fab in Texas https://t.co/EbxClujeaO https://t.co/Z5mHqNC2Tp
.S Gives Samsung $6.4 Billion To Build Chip Factories in Texas https://t.co/WlebyLyb6c
Great to meet with @Samsung President & CEO Kye Hyun Kyung yesterday in Austin. Samsung’s investment of over $40 BILLION will expand cutting-edge facilities in Central Texas & create thousands of jobs. Texas is the #1 state for semiconductors. More: https://t.co/1vybmV3nmU https://t.co/vEzRDxNypR
Samsung is the latest chipmaker to win fistfuls of cash from the US government to build chips on American soil. Read more: https://t.co/zjJTEA5ynb
Two years ago, I joined @POTUS at Samsung’s semiconductor facility in the Republic of Korea. I remember him saying: This is exactly what we need in the United States. Thanks to his leadership on the CHIPS Act, Samsung is now building a facility twice the size in Texas. https://t.co/EmQ3kSggeq
The CHIPS and Science bill I was proud to help deliver is bringing manufacturing back to America! It's shoring up supply chains to prevent the kinds of chip shortages that raised prices at the height of COVID It's creating good-paying manufacturing jobs to grow the middle class https://t.co/MjB4sIK4tV
WATCH: The US is giving Samsung $6.4 billion to boost chip production in Texas. The funds will support the development of several facilities in the state, that’s intended to boost the supply of chips for the aerospace, defense and auto industries https://t.co/yfHjudfOLE https://t.co/xSWLCqvWeh
U.S. investment in Samsung's Texas chip plant echoes 1980s Sematech effort to save American semiconductor industry. https://t.co/yzYbPLy52k
The Biden administration will award up to $6.4 billion in grants to South Korea's Samsung to expand its chip production in central Texas as part of a broader effort to boost the supply of chips for the aerospace, defense and auto industries https://t.co/s16eLJRnYQ https://t.co/tfXtgs42MK
The Biden Administration has awarded Samsung over $6 billion in grants to boost its Texas chip production. https://t.co/dHQzHYiWCc
Samsung gets $6.4 billion in grants to expand U.S. chip production https://t.co/SIZoIj2dbp
#Samsung is getting a potentially massive subsidy from the US Chips Act to boost the country’s semiconductor manufacturing capabilities. https://t.co/tKeGjpu67D
Samsung is getting $6.4 billion to build massive semiconductor plants in the Austin area. https://t.co/ifRxGwKyED
WATCH: The Biden administration will award up to $6.4 billion in grants to South Korea's Samsung to expand its chip production in central Texas as part of a broader effort to boost the supply of chips for the aerospace, defense and auto industries https://t.co/yfHjudfOLE https://t.co/DQfEadP3Fd
The US is giving Samsung $6.4 billion to boost chip production in Texas. The funds will support the development of several facilities in the state, that’s intended to boost the supply of chips for the aerospace, defense and auto industries https://t.co/s16eLJRVOo https://t.co/0kroq7C3BS
📽️ WATCH - US AWARDS SAMSUNG $6.4 BILLION IN GRANTS TO BOOST TEXAS CHIP OUTPUT The Biden administration will award up to $6.4 billion in grants to South Korea's Samsung to expand its chip production in central Texas as part of a broader effort to boost U.S. chipmaking, the… https://t.co/ko4PiIKIM5
Samsung scores up to $6.4bn to build US chip plants https://t.co/tKeGjpu67D
US grants Samsung $6.4 billion to boost local chip production https://t.co/54ccj3jFTF
The Biden administration will give up to $6.4 billion in grants to Samsung, one of the world’s largest chipmakers, the latest in a slew of awards intended to shore up domestic production of cutting-edge semiconductors. https://t.co/FifEkeIMaQ
#US to grant #Samsung up to $6.4 billion for #chip #plants: Statement https://t.co/PWR4FETO6s
#FPTech: Major boost for Samsung, Biden administration awards $6.4 billion to expand chip production in Texas https://t.co/8kb7GukC9x
US Awards Samsung $6.4 Billion in Grants to Boost Texas Chip Output https://t.co/lXHZdMGPZp
The Biden administration will award up to $6.4 billion in grants to South Korea's Samsung to expand its chip production in central Texas as part of a broader effort to boost US chipmaking, the Department of Commerce said https://t.co/TSPGOnb8FV
The Biden administration will award up to $6.4 billion in grants to South Korea's Samsung to expand its chip production in central Texas as part of a broader effort to boost US chipmaking, the Department of Commerce said. More here: https://t.co/5eHs3BCD6p
It’s official: the US will award Samsung Electronics up to $6.4 billion in direct funding to expand semiconductor production at its Taylor, Texas site, which will eventually include 2 fabs, a research center and an advanced packaging plant, media report. Samsung more than doubled…
Congratulations to Samsung on receiving 6.4 billion in federal funding through the CHIPS & Science Act for their semiconductor manufacturing plant in Taylor. Texas is #1 in the nation for semiconductor manufacturing, helping to provide semiconductors for medical devices, military… https://t.co/TJEZHbQYS7
US AWARDS SAMSUNG $6.4 BILLION IN GRANTS TO BOOST TEXAS CHIP OUTPUT The Biden administration will award up to $6.4 billion in grants to South Korea's Samsung its chip production in central Texas as part of a broader effort to boost 🇺🇸 chipmaking - Reuters https://t.co/p4hjl5SfQR
Samsung is set to get up to $6.4 Billion in US Grants for Chip Plants A total of $39 Billion is being provided by the new Chips Act https://t.co/pFcV5K0hHK
The White House awarded Samsung $6.4 billion to boost chip production in Central Texas. https://t.co/zSAyMk3aRY
The Biden administration has reached an agreement to provide up to $6.4 billion in direct funding for Samsung to develop a computer chip manufacturing and research cluster in Texas. https://t.co/zyUuvsLYm7
In 2022, I traveled to Samsung’s campus in the Republic of Korea; today, I'm announcing a preliminary agreement between Samsung and @CommerceGov to bring advanced semiconductor manufacturing and R&D to Texas. That means $40+ billion and 21,500 jobs are headed our way. https://t.co/6EMYovXUQg
Samsung set to get $6.4B in funding for Central Texas plants https://t.co/GfQJagFCLz
Samsung to expand in Central Texas with $6.4B federal grant https://t.co/JObvdkIrBJ
Biden administration to give $6.4 billion to Samsung to make computer chips near Austin https://t.co/piFoMEQR9h
Samsung's increased investment in Central Texas is slated primarily for Taylor, where the company is currently in the process of building a semiconductor plant. https://t.co/d93C002Id0
“We’re not just expanding production facilities; we’re strengthening the local semiconductor ecosystem and positioning the U.S. as a global semiconductor manufacturing destination," said @Samsung CEO of the Device Solutions Division Kye Hyun Kyung. https://t.co/8VwMqaA6wJ
Why Samsung semiconductor plant in Taylor is receiving $6.4 billion from federal CHIPS Act https://t.co/r7FcFT2TLE
As the author of the CHIPS for America Act, I was proud to attend today’s event celebrating historic investments into @Samsung’s semiconductor plant in Taylor, Texas. This over $40 billion investment is a game changer for Texas’ economy and for US national security. https://t.co/lbpJtNxZSM
Thanks to President Biden’s leadership, we’re creating a new chapter in semiconductor manufacturing in Texas! We’re protecting national security, creating good-paying jobs, and strengthening U.S. supply chains for leading-edge chips that feed so many industries. https://t.co/zYc2XJRIPS
This is a big deal in bolstering U.S. manufacturing of semiconductors. The funding comes from the CHIPS and Science Act that I helped write. It's lowering costs for consumers, growing our economy & helping end our dependence on foreign manufacturers. https://t.co/h4oj6BR9WD
Samsung, the South Korean electronics giant, will receive $6.4 billion toward developing advanced computer chips at the semiconductor plant it's building in central Texas, the Biden administration announced Monday. https://t.co/1BfCVwxmX2
US awards Samsung $6.4 billion in grants to boost Texas chip output https://t.co/gyeEZ7KOi4 https://t.co/zyDPZKVMnM
Because of President Biden’s CHIPS and Science Act, our Administration is announcing a preliminary agreement with Samsung, which will unleash over $40 billion in private sector investment in semiconductor manufacturing in Texas and create at least 21,500 new jobs.
Samsung getting $6.4 billion to build computer chips in Texas https://t.co/PKKTXXJnVZ #texasnews
Samsung's increased investment in Texas is slated primarily for Taylor, where the company is currently in the process of building a semiconductor plant. https://t.co/g0FUYVupz9
President Biden announces preliminary agreement with Samsung that will aid company's Central Texas investment https://t.co/MG7M3EQvIt
The Biden administration is giving Samsung $6.4 billion to help build massive new semiconductor chip plants near Austin, the latest in a series of investments that the government hopes will transform the U.S. manufacturing sector. https://t.co/zGHMSEe425
The Biden administration will provide up to $6.4 billion to Samsung for making computer chips in Texas. Commerce Sec. Gina Raimondo joins @mmcassella to discuss. https://t.co/g8O8TOvJy4 https://t.co/DeOYpUnY01
The U.S. government announced that it plans to give South Korean electronics company #Samsung a $6.4 billion subsidy to build new computer #chip facilities in Texas. https://t.co/iAKrxqEEnw
Samsung wins $6.4B in CHIPS Act funding for Texas semiconductor complex https://t.co/STbt2aeFpL
Samsung snags $6.4b in CHIPS Act funds for Texas fabs https://t.co/DtY5Xe74Ji
U.S. gives Samsung $6.4 billion to build new chip factories in Texas https://t.co/JRDsmxSACF
Great news for Texas! The CHIPS Act continues to deliver and create jobs for our state and position us as a continued leader in high-tech manufacturing. Let’s keep building on this progress. https://t.co/uBwc72qQXx
Samsung is getting a $6.4B federal investment funding expansion in both Austin & Taylor, creating jobs, growing our economy and ensuring we remain a major tech hub and international gateway. Pleased to support the legislation that made this possible & to join today’s celebration. https://t.co/vSUpBNbyUF
Biden administration will provide up to $6.4 billion in direct funding for Samsung to develop Texas chip manufacturing and research cluster. https://t.co/YW6T6SMAk4
Biden administration to invest $6.4 billion in Samsung's Taylor, Texas chip production cluster https://t.co/zyw62FcgtN
The Biden administration has reached an agreement to provide up to $6.4 billion in direct funding for Samsung Electronics to develop a computer chip manufacturing and research cluster in Texas. Via @AP: https://t.co/uywxQ1xIx1
Samsung awarded $6.4 billion CHIPS Act grant to build 'semiconductor ecosystem' in Texas https://t.co/NImvof74AS
The Biden administration has reached an agreement to provide up to $6.4 billion in direct funding for Samsung Electronics to develop a computer chip manufacturing and research cluster in central Texas. https://t.co/A3WL3sg6fy
On Monday, President Joe Biden announced a preliminary agreement between @Samsung and @CommerceGov #Boomtown https://t.co/S551Ra9Gw2
Biden has announced up to $6.4 billion in grants for Samsung to expand chip production in the Austin area. The massive investment aims to reduce dependence on China and Taiwan. https://t.co/sHHMsvQXqr
🆕 Proposed CHIPS Investment of up to $6.4 Billion Would Complement More than $40 Billion in Private Investment to Support a Comprehensive Semiconductor Cluster for Leading-Edge Logic, Advanced Packaging, & R&D in Taylor, TX, & Expansion of Austin, TX Fab https://t.co/hcWZdmTcvw
CHIPs money announced for Samsung. It's important to celebrate the road not taken. Would be easy for the govt to have gone with "state champion" approach with Intel, but instead we have a diverse investment in global companies without the nationalism. Thats the right approach…
The Biden administration will award up to $6.4 billion in grants to South Korea's Samsung to expand its chip production in central Texas as part of a broader effort to expand U.S. chipmaking, the Department of Commerce said on Monday. https://t.co/rCejG6l0wi
The U.S. government announced Monday a $6.4 billion subsidy for South Korean tech giant Samsung to build advanced computer chip manufacturing facilities in the Austin area. https://t.co/Y5uYqfW6kO
President Biden's mega-investment deal with Samsung will bring in 21,500 jobs and lock in Texas as the semiconductor capital of the U.S! https://t.co/hFWUM0YJYu
Samsung's not just bringing advanced production to the U.S., but packaging and R&D, too. https://t.co/nngeokoeiV
JUST IN: 🇺🇸 Samsung to make next generation semiconductor in the United States by 2026 https://t.co/yinZVxseCB
Exciting News: Today, we’re announcing a $6.4 billion preliminary agreement with @Samsung. The investment will support a comprehensive semiconductor cluster for leading-edge logic, advanced packaging, and R&D in Texas and help create over 20,000 jobs. https://t.co/IOPlxAlvUR
US to grant Samsung up to $6.4bn for chip plants https://t.co/HRGDmFbf0Y
US awards Samsung $6.4 bln in grants for Texas chip complex https://t.co/UlCYkklXdv https://t.co/37rGArMVgR
Biden administration agrees to provide billions to Samsung to expand chip manufacturing in Texas https://t.co/mXIVIp2HpB
Following the awards to @intel and TSMC, next up is Samsung, which is set to receive more than $6 billion and has committed to building and expanding capacity for its leading edge 2nm process in Taylor, Texas as well as more advancements around packaging (2.5). Memory,… https://t.co/MFsIz4nbm5
The U.S. will offer up to $6.4 billion in direct funding to Samsung to build chipmaking facilities in central Texas to produce the world's most advanced semiconductors. https://t.co/7NlDwrEeSS
Samsung signs preliminary deal with WH to access $6billion in grants to expand Chip plants in Taylor & Austin @fox7 https://t.co/wa9HPGu6A7
Biden is paying Samsung $7 billion dollars if Samsung makes chips in Great State of Texas. https://t.co/SJ3JNNrowO
The announcement said over $40 billion in investment from Samsung will be unleashed, $40 million in CHIPS funding will be leveraged to “train and develop the local workforce,” and at least 21,500 jobs will be created. https://t.co/LH1lAdMXFN
Today, on April 15, the Biden administration announced they are literally giving away $6.4 billion in federal taxpayer cash to Samsung.
This is now official: Samsung has reached a preliminary agreement for $6.4b in Chips Act grants for a more than $40b investment in Texas Unlike TSMC & Intel, Samsung opted not to take loans. Project expected to benefit from 25% investment tax credit https://t.co/GgnLTRwAiV https://t.co/p4BRzNzuG8
It’s official now. Samsung Semi 2nm in Taylor, TX, by 2026. 🤠 And 2.5D packaging. This is a step along the way to have 20% of chips manufactured in the U.S. funded by the CHIPS Act. Competition is good. https://t.co/yqOjsRumt5
Samsung Electronics Gets $6.4 Billion for Texas Chip Plants - WSJ https://t.co/V3AcyBLdrc
🚨 U.S GIVES $6.4 BILLION TO SAMSUNG FOR CHIP PLANTS IN TEXAS U.S. has granted $6.4 billion to Samsung for semiconductor production in Texas, following an $11 billion investment in TSMC's Arizona chip facilities. The CHIPS Act was created to stop American reliance on Tawain… https://t.co/SZ7DSl5ywk https://t.co/zRxrzNPhBO
BREAKING: US to grant Samsung up to $6.4 billion for chip plants https://t.co/KKGAA9glIO
U.S. to award Samsung $6.4-billion in grants to expand chip production complex in Texas https://t.co/zGVXJfl3J2
US to grant Samsung up to $6.4 bn for chip plants https://t.co/S8NrwfCWjr
The Biden administration plans to award Samsung as much as $6.4 billion in grants to increase chip production in Texas, as part of US efforts to bolster domestic semiconductor manufacturing https://t.co/P61saoclEL
White House providing $6.4 billion to Samsung for chip making in Texas https://t.co/v1vM2vTxJo
#BREAKING US to grant Samsung up to $6.4 bn for chip plants: statement https://t.co/P7PyytWNdg
Biden Is Giving Samsung $6.4 Billion to Build US Chip Factories https://t.co/nINdCxYmMd
Biden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas https://t.co/4H42naQc9g
Samsung ramps up U.S. chip investment to $45bn with $6.4bn grant https://t.co/6xVu5JVY4z via @NikkeiAsia
The Biden administration has reached an agreement to provide up to $6.4 billion in direct funding for Samsung Electronics to develop a computer chip manufacturing and research cluster in Texas. https://t.co/gT93C03cMP
Samsung will be awarded $6.4 billion in US grants for semi-conductor chip plants and plans to invest $40 billion in Austin, TX. This will include two foundry fabrication plants that will manufacture 2 nanometer and 4 nanometer logic chips $INTC $AMD $NVDA
US to award Samsung $6.4 bln in grants for Texas chip production complex https://t.co/9llMmc9jFd https://t.co/P3V4bd3KPz
White House officially announces deal with Samsung to provide over $6 billion in funding for new expansion in Texas https://t.co/O42M1aY0bp
Samsung to Get Up To $6.4 Billion in US Grants for Chip Plants https://t.co/H8RxPtKOx6
The US awards Samsung $6.4B in CHIPS Act funding and says the company plans to make 2nm chips at its Taylor, Texas plant by 2026, two years ahead of TSMC (Financial Times) https://t.co/XhGFcbl1kA 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/8oighJpChC
Samsung boosts Joe Biden’s chipmaking ambitions with major Texas plant upgrade https://t.co/anIrEzxWLA
The U.S. government is granting Samsung Electronics up to $6.4 billion to build chip-making facilities in Texas, the latest in a string of major subsidy awards from the Biden administration https://t.co/fIE6zpOxqa
⚠️ US TO AWARD SAMSUNG $6.4 BILLION IN GRANTS FOR TEXAS CHIP PRODUCTION COMPLEX Full Story → https://t.co/sT3Fe2CuRv The Biden administration will award up to $6.4 billion in grants to South Korea's Samsung to expand its chip production in central Texas as part of a broader… https://t.co/nSbPNQZVFK
SAMSUNG TO GET UP TO $6.4 BILLION IN US GRANTS FOR CHIP PLANTS
BREAKING: Samsung ramps up U.S. chip investment to $45bn with $6.4bn grant. https://t.co/GVBC0Deq4o
❖ SAMSUNG TO GET UP TO $6.4 BILLION IN US GRANTS FOR CHIP PLANTS
Texas is at the forefront of chip manufacturing and innovation. This week, I met with leaders from the Texas semiconductor industry to discuss the CHIPS and Science Act, which I proudly helped pass to create jobs and strengthen our semiconductor industry. https://t.co/dBZkTFkJ80
Samsung to unveil $44 billion US chip push as soon as next week, per Bloomberg.
Samsung is preparing to take the wraps off a $44 billion investment in US chipmaking as soon as next week https://t.co/U2TfXxGrjc
Samsung is set to boost its spending in Texas to $44 billion for a new chip manufacturing facility, R&D space and packaging site, doubling down on its $20 billion investment in 2021. $TSM $NVDA $MU