The US finalizes CHIPS Act funding for Samsung and Texas Instruments

The US Commerce Department has awarded Samsung and Texas Instruments with a combined implicit $6 cardinal successful “direct backing nether the CHIPS Incentives Program’s Funding Opportunity for Commercial Fabrication,” according to a brace of announcements published connected Friday.

Samsung volition get the larger of the 2 awards astatine $4.745 billion. The Commerce Department says the institution volition usage this arsenic portion of its planned $37 cardinal concern successful Texas spot facilities that see 2 caller “leading-edge logic fabs and an R&D fab” successful Taylor, Texas, and the enlargement of its works successful Austin.

The institution was primitively slated to person $6.4 billion. In a connection reported by Bloomberg, the institution said that its “mid-to-long-term concern program has been partially revised to optimize wide concern efficiency,” which suggests the institution has dialed backmost its plans, according to the outlet.

Texas Instruments volition person $1.61 cardinal to bolster the $18 cardinal it plans to spend connected projects similar constructing 2 wafer fabs successful Texas and a 3rd successful Utah. The Commerce Department announced smaller awards this week too, including $407 cardinal successful backing for Amkor Technology, a US-based institution that tests and packages chips for companies similar Apple.

All 3 awards were announced earlier this year, with Samsung archetypal successful April, and they articulation different CHIPS Act backing grants fixed to companies similar Micron, Intel, and TSMC. And their finalizations travel with conscionable nether a period to spell earlier Donald Trump, who has criticized the CHIPS Act, assumes the US Presidency connected January 20th.