Samsung and Texas Instruments secure $6.75 billion in chip incentives

Samsung Electronics, Texas Instruments, and Amkor Technology are set to receive a combined $6.75 billion in chip manufacturing incentives from the US Commerce Department. The funding aims to bolster domestic semiconductor production and strengthen the supply chain.

Samsung will receive up to $4.745 billion, slightly reduced from the initial $6.4 billion estimate, reflecting scaled-down investment plans. The South Korean tech giant plans to invest $37 billion by 2030 to build chip production facilities, a research centre, and a packaging site. These projects are expected to solidify the US as a hub for advanced semiconductor manufacturing.

Texas Instruments has secured up to $1.61 billion for expanding its chip production facilities in Texas and Utah. The company is investing over $18 billion through 2029, creating 2,000 manufacturing jobs. Amkor Technology will receive $407 million to help build a $2 billion semiconductor packaging plant in Arizona, its largest in the US. This facility will cater to chips for autonomous vehicles, 5G/6G, and data centres.

These awards form part of a broader $39 billion subsidy programme for domestic semiconductor manufacturing. Over $33 billion of the allocated funding has now been finalised, with the US positioned as the sole nation hosting all five leading-edge chipmakers.