Samsung secures a grant of $250 million for semiconductor factory construction in Texas.
The technology giant Samsung has announced a significant investment in its Taylor semiconductor fabrication facility, aiming to bolster a more secure domestic supply of chips for critical US industries.
The Texas-based Samsung subsidiary, Samsung Austin Semiconductor, will be the recipient of a $250 million grant from the Texas Semiconductor Innovation Fund (TSIF), a state incentive program created in June 2023. This grant will support the development of the $4.73 billion semiconductor fabrication facility in Taylor.
The facility will be dedicated to the production of 2-nanometer logic chips, a testament to Samsung's commitment to more advanced manufacturing processes as part of its US development strategy.
The grant and the investment are timely, given the forecasted growth in the global electronics gas market. According to electronic materials advisory firm TechCET, the market is expected to grow by 4.8% year-on-year in 2025, reaching $6.3 billion. The forecast includes a 5.2% growth in specialty gases and a 3.8% growth in bulk gases, aligning with semiconductor revenue forecasts exceeding $705 billion in the same period.
The US government has also been active in promoting the onshoring of semiconductor chip production. In the past, the US President (implied to be Trump) implemented several moves to encourage this shift. Recently, in July, the US House of Representatives passed a budget bill boosting the Advanced Manufacturing Investment Credit (AMIC) for the semiconductor industry from 25% to 35%.
This investment and the accompanying grant mark a significant step forward in Samsung's US operations and the broader semiconductor industry, contributing to a more secure and self-reliant domestic supply chain for critical technologies.
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