Samsung Electronics is planning to double its semiconductor factory investment in Texas to $44 billion, including a new chip-making factory and a facility for advanced packaging and research and development. The company is expected to receive billions of dollars in subsidies from the Chips Act to support these efforts. This move comes as the United States aims to rebuild its semiconductor manufacturing base and reduce China's influence on supply chains.
Reshoring Takes Off
Samsung's increased investment in Texas highlights the growing momentum in reshoring semiconductor production in the United States. It also reflects the Biden administration's efforts to bolster domestic chip manufacturing through initiatives like the Chips Act.
Along with new legislation, Samsung's additional investments in Texas, along with recent grants and loans awarded to Intel, signal a concerted effort to rebuild and strengthen the semiconductor manufacturing base in the United States.
Photo: Samsung, Austin, Texas, by Art Wager
