In 2021, the South Korean company announced a $17 billion project in Taylor, Texas, near its existing semiconductor plant in Austin.
Samsung has a strong presence in Texas, with a semiconductor manufacturing site in Austin and another planned for nearby Taylor, Texas.The U.S. plans to award more than $6 billion to Samsung Electronics Co., helping the chipmaker expand beyond a project in Texas it has already announced, according to people familiar with the matter.
The Commerce Department earlier announced three Chips Act grants to producers of older-generation semiconductors. Officials have been negotiating for months with makers of cutting-edge chips that will fuel the artificial-intelligence boom, and have set aside about $28 billion for those advanced projects, Commerce Secretary Gina Raimondo has said.
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