DOC finalizes semiconductor awards totaling nearly $7 billion for Samsung, Texas Instruments and Amkor

The US Commerce Department on Friday announced awards to Samsung, Texas Instruments and Amcor Technology under the CHIPS incentive program, totaling more than $6.75 billion. The program aims to help expand domestic semiconductor production. Samsung received up to $4.745 billion in direct financing, which is less than the amount it received Which was announced earlier this year – while Up to $1.61 billion and Amcor up to $407 million.

DOC said Samsung plans to invest $37 billion over the next few years to boost chip development and production in the United States. The company will expand its operations in Texas to include two new production facilities and a research and development site. It also plans to expand an existing facility in Austin. Texas Instruments is building three new facilities — two in Texas and one in Utah — in which it will reportedly invest more than $18 billion through 2029. Amkor plans to invest $2 billion to create an advanced packaging and testing facility in Peoria, Arizona. . according to It will be the largest facility of its kind in the country.

The Ministry of Commerce says prizes will be distributed when companies complete certain stages of the project. It is expected that the funding will support the creation of thousands of job opportunities for each project.