Samsung ramps up U.S. chip investment to $45bn with $6.4bn grant

WASHINGTON/SEOUL/TAIPEI -- The U.S. government will offer up to $6.4 billion in direct funding to Samsung Electronics to build chipmaking facilities in central Texas to produce the world's most advanced semiconductors, the Commerce Department announced on Monday.

While this is smaller in absolute terms than the grants awarded to Intel and TSMC under the CHIPS and Science Act of 2022, it is the largest of the three relative to the size of the company's promised investment.