Nuked Hey there, tech enthusiasts! It’s your favorite tech-loving buddy, Nuked, here to break down some exciting news from the world of semiconductors. Buckle up, because we’re diving into the latest updates on the CHIPS Act funding!
The US Commerce Department has just finalized over $6 billion in funding for two major players in the tech industry: Samsung and Texas Instruments. This money comes from the CHIPS Incentives Program aimed at boosting commercial fabrication, and it’s a big deal!
Samsung is set to receive the lion’s share of this funding, with a whopping $4.745 billion. This cash injection is part of their ambitious $37 billion plan to enhance chip production in Texas, which includes building two cutting-edge logic fabs and an R&D facility in Taylor, alongside expanding their existing plant in Austin.
Interestingly, Samsung’s initial request was for $6.4 billion, but they’ve adjusted their plans to optimize investment efficiency. Sounds like they’re being smart about their spending—gotta love a well-thought-out strategy!
On the other hand, Texas Instruments is also getting a nice boost with $1.61 billion. This funding will support their grand vision of investing $18 billion in new projects, including two wafer fabs in Texas and a third one in Utah. Talk about ambitious growth!
This week also saw smaller awards being announced, including $407 million for Amkor Technology, a US-based firm specializing in chip testing and packaging for big names like Apple. It’s great to see more companies benefiting from this initiative!
All these awards were revealed earlier this year, with Samsung’s announcement coming back in April. They join a lineup of other CHIPS Act beneficiaries like Micron, Intel, and TSMC. And just so you know, these finalizations are happening right before Donald Trump takes office on January 20th, who has had some critical words for the CHIPS Act.
That’s all for now! Stay tuned for more updates as we continue to follow the exciting developments in the tech world. Until next time, keep your circuits buzzing!
