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U.S. Government Supports Samsung Electronics’ Semiconductor Production Facility with $6.4 Billion Investment

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Confirmation of Taylor’s production facility subsidy: furnish manufacturing capabilities to growing demand such as HPC and AI 

Kyung Kye Hyun, the head of Samsung Electronics’ semiconductor business, stated on the 22nd through his social media that the U.S. government providing Samsung Electronics with a semiconductor production facility investment subsidy according to the Semiconductor Science Act (CHIPS Act) will help rebuild the U.S. semiconductor supply chain and ecosystem while providing the manufacturing capacity needed to meet the growing demand for high-performance computing (HPC) and artificial intelligence (AI).

President Kyung Kye Hyun(second from left) of Samsung Electronics is taking a commemorative photo at the Samsung Taylor Investment Commemoration Ceremony held in Taylor, Texas, USA, on the 15th (local time). [Photo=Korea Semiconductor Industry Association social media capture]

Kyung said on the day, “I deeply appreciate everyone congratulating us on the U.S. government’s announcement that they are supporting $6.4 billion to the Samsung Electronics Taylor factory in Texas as part of the Semiconductor Science Act (CHIPS Act). It’s a delightful day to celebrate with associates who have cooperated to make amazing results in Taylor a reality.”

He added, “I was deeply impressed by the goodwill of numerous tech leaders who participated in the celebration, including Cristiano Amon, CEO of Qualcomm Incorporated.”

Cristiano Amon emphasized in a speech at the Samsung Taylor Investment Commemoration Ceremony on the 15th (local time) that it is a historic opportunity to strengthen the resilience of the U.S. semiconductor ecosystem and industry supply chain and provide innovative foundry capabilities to the U.S.’s leading fabless.”

Kyung expressed complete agreement with the comment that the U.S. Department of Commerce’s investment in the Samsung Taylor campus signifies a groundbreaking leap to secure the U.S.’s advanced node silicon supply chain. He added, “Over the next several months and years, we will continue to grow and secure the U.S.’s semiconductor supply chain.”

Kyung Kye Hyun, CEO and Head of the Device Solutions (DS) Division of Samsung Electronics, takes a commemorative photo after receiving a signboard labeled Samsung Highway directly from Williamson County authorities. [Photo=President Kyehyun Kyung Instagram capture]

On the 15th (local time), the U.S. government announced that it had decided to support Samsung Electronics with a $6.4 billion investment subsidy for semiconductor production facilities. Samsung Electronics plans to expand the scale and investment target of the Taylor Foundry plant, which is being built with an initial investment of $17 billion, to invest a total of $45 billion by 2030.

Samsung Electronics plans to construct an additional semiconductor production plant at the plant being built in Taylor, Texas, in 2022 and, through expanded investment, build advanced research and development (R&D) facilities and post-processing packaging facilities.

The first Texas Taylor plant will produce 4-nanometer and 2-nanometer semiconductors in 2026. The second plant plans to mass-produce advanced semiconductors in 2027. The research and development fab is also expected to open in 2027.

Meanwhile, the semiconductor subsidy that the U.S. government supports Samsung Electronics with is the third largest, following the U.S. semiconductor company Intel Corporation ($8.5 billion) and Taiwan’s semiconductor foundry company TSMC ($6.6 billion).

inews24
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