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Samsung Semiconductor receives huge subsidies from the US government, opening a new chapter in Texas

Author: First Tech2024-05-03 16:34:48

Against the backdrop of increasingly fierce competition in the global semiconductor industry, the US government recently announced that it will provide up to $6.4 billion in subsidies for Samsung Electronics' semiconductor projects in Texas to promote the development of local chip manufacturing and supply chain stability. This move is seen by the industry as an important step for the United States to strengthen domestic manufacturing in the semiconductor industry and reduce dependence on Asian supply chains.

It is reported that as a leading global high-tech company, Samsung Electronics will invest over $40 billion in Taylor and Austin, Texas to build a series of semiconductor production and research and development bases, including the world's advanced 2nm wafer factory. This plan is the latest case in a semiconductor manufacturing and research and development investment project supported by the US government, marking the deepening cooperation between Samsung Electronics and the US government in the semiconductor field.

In Taylor City, Samsung Electronics plans to establish two advanced logic foundries using 4nm and 2nm process technology, as well as an advanced process research and development facility and an advanced packaging factory capable of producing 3D HBM memory and 2.5D packaging. In addition, in Austin, Samsung will expand its existing semiconductor facilities and expand the production capacity of fully depleted silicon on insulator (FD-SOI) processes.

半导体工厂

Samsung Electronics' investment this time is not only a consolidation of its position in the global semiconductor industry, but also a significant contribution to the development of high-tech manufacturing in the United States. It is expected that in the next 5 years, this project will create over 17000 construction industry jobs and over 4500 high paying manufacturing jobs in the United States, which will have a significant impact on promoting local economic development and employment.

Samsung Electronics' decision to expand investment in the United States is not only encouraged by the US government's subsidy policies, but also based on optimistic expectations of global semiconductor market demand. With the rapid development of technologies such as 5G, artificial intelligence, the Internet of Things, and autonomous driving, the global demand for high-performance computing chips is exploding, bringing unprecedented market opportunities to semiconductor giants such as Samsung Electronics.

For the United States, given the fluctuations in the global semiconductor supply chain in recent years and the risks associated with its reliance on Asian supply chains, the decision to subsidize Samsung Electronics is part of achieving supply chain autonomy and national security strategies. The US government has stated that by investing in supporting local production by global technology giants like Samsung, it can not only enhance the US's competitiveness in key technology areas, but also ensure that the US can maintain the supply of key technologies and products during global crises.

Samsung Electronics expressed great gratitude for the support of the US government and will be committed to providing more high-quality semiconductor products through the most advanced process technology and efficient production lines to meet the needs of global customers. At the same time, Samsung Electronics has also pledged to continue its technological research and innovation in the United States, contributing to the development of the global semiconductor industry.

Industry experts believe that Samsung Electronics' significant investment in the United States will further consolidate its leading position in the global semiconductor industry and may accelerate the redistribution of the global semiconductor industry supply chain. Meanwhile, this move will enhance the position of Texas and even the entire United States in the global high-tech industry, attract more investment in related fields, and drive the development and innovation of the entire industry chain.