Samsung Doubles Its Huge Investment in Texas

South Korean technology giant Samsung announced its new project that will increase its investment in Texas to 44 billion dollars after the new CHIPS law came into force in the USA.

US President Joe BidenWith the CHIPS Act, we launched a huge incentive program for the establishment of new chip production facilities in America and 52 billion dollars The finder offered tax exemptions. This offer South Korean The giant took Samsung into action. The company, which built a factory in Texas in 2021 and spent 20 billion dollars, will build an additional facility to the factory and increase its total investment to 44 billion dollars.

Samsung’s new facility includes a chip production facility, a packaging facility and a R&D center will be found. The main facility in Texas is also not yet in production, but will be released later in the year, Taylor said.important logic chips” will be used to produce. Central Texas 40 minutes away Samsung investment is of great importance for the region.

CHIPS program attracts great attention

CHIPS Act With the so-called regulation, many investors went to the USA. Apart from Samsung, which will receive a $6 billion incentive, there are many companies that are increasing their investments in the USA. Among these, there are companies such as GlobalFoundries ($1.5 billion grant, $1.6 billion loan), Malta and Intel ($8.5 billion).

Thanks to these incentives, the USA is both to be more attractive It plans to create employment and employment, and also aims to prevent the rise of China, which is considered among its biggest competitors, in this market.

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Source :
https://www.engadget.com/samsung-is-doubling-its-semiconductor-investment-in-texas-to-44-billion-154322399.html?src=rss&guccounter=1


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