The US Commerce Division has awarded Samsung and Texas Devices with a mixed over $6 billion in “direct funding underneath the CHIPS Incentives Program’s Funding Alternative for Industrial Fabrication,” based on a pair of bulletins printed on Friday.
Samsung will get the bigger of the 2 awards at $4.745 billion. The Commerce Division says the corporate will use this as a part of its deliberate $37 billion funding in Texas chip services that embody two new “modern logic fabs and an R&D fab” in Taylor, Texas, and the enlargement of its plant in Austin.
The corporate was initially slated to obtain $6.4 billion. In an announcement reported by Bloomberg, the corporate stated that its “mid-to-long-term funding plan has been partially revised to optimize general funding effectivity,” which suggests the corporate has dialed again its plans, based on the outlet.
Texas Devices will obtain $1.61 billion to bolster the $18 billion it plans to spend on initiatives like setting up two wafer fabs in Texas and a 3rd in Utah. The Commerce Division introduced smaller awards this week too, together with $407 million in funding for Amkor Know-how, a US-based firm that assessments and packages chips for firms like Apple.
All three awards had been introduced earlier this yr, with Samsung first in April, and so they be part of different CHIPS Act funding grants given to firms like Micron, Intel, and TSMC. And their finalizations include just below a month to go earlier than Donald Trump, who has criticized the CHIPS Act, assumes the US Presidency on January twentieth.
