The U.S. Department of Commerce finalized $6.75 billion in chip production assistance for Samsung Electronics, Texas Instruments, and Amkor Technologies on Friday. Samsung will receive $4.745 billion, Texas Instruments $1.61 billion, and Amkor $407 million, according to Reuters.
The report stated that Samsung’s initial $6.4 billion grant has been reduced by $1.7 billion to $4.745 billion due to the company’s smaller investment plans. Samsung confirmed that it has adjusted its “mid-to-long-term investment plans to enhance investment efficiency” but declined to provide further details on the agreement.
The Department of Commerce noted that Samsung plans to invest $37 billion by 2030, establishing two chip production centers, a research center, and a packaging facility.
Texas Instruments will invest over $18 billion to build two new factories in Texas and Utah by 2029, creating 2,000 new jobs. The company will receive $900 million in support for its Texas facility and $700 million for its Utah plant.
Meanwhile, Amkor will receive $407 million to build a $2 billion advanced chip packaging facility in Arizona. Once operational, the facility will produce and test millions of chips for autonomous vehicles, 5G/6G, and data centers. Apple will be the facility’s first and largest customer.
Amkor’s CEO, Giel Rutten, said, “This facility will serve as a critical foundation in building a strong semiconductor manufacturing supply chain in the United States.”
