According to foreign media reports, two people familiar with the matter revealed that the US government under Joe Biden (Joe Biden) plans to announce next week that it will allocate more than $6 billion to the South Korean company Samsung to expand its chip production scale in Taylor, Texas, so as to strengthen the chip manufacturing capacity of the United States.
According to one of the sources, U.S. Secretary of Commerce Gina Raimondo will announce the subsidy for the construction of four new facilities in Taylor, including a $17 billion chip manufacturing plant announced by Samsung in 2021, another plant, an advanced packaging facility and an R & D center.
Two sources said that US President Joe Biden will not attend the event.
He will fight an uphill battle with former president and Republican rival Donald Donald Trump in November to win re-election.
Source: Samsung, sources say the subsidy will also include investment in another undisclosed location, adding that Samsung’s investment in the United States will more than double to more than $44 billion as part of the deal.
The Commerce Department and Samsung declined to comment.
The office of Texas Governor Greg Abbott didn’t respond to a request for comment.
According to a source, the deal will become the third largest project in the US chip subsidy program, after Intel and Taiwan company TSMC.
Intel received a $8.
5 billion subsidy last month to boost its chip production in the United States.
TSMC received a subsidy of $6.
6 billion on April 8 and agreed to increase its investment in the US by $25 billion to $65 billion and to build its third plant in Arizona by 2030.
In 2022, the U.S. Congress approved the Chip and Science Act (CHIPS), which increases domestic semiconductor production through $52.
7 billion in research and production subsidies.
In addition, the US legislature approved a $75 billion government loan authority, but one of the sources said Samsung did not intend to accept any loans.
According to the American Semiconductor Industry Association (Semiconductor Industry Association), the US share of global semiconductor manufacturing has fallen from 37 per cent in 1990 to 12 per cent in 2020, so the goal of the CHIPS bill is to reduce US chip dependence on Chinese mainland and Taiwan.
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