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

Third and final CHIPS act funding for advanced chips follows Intel and TSMC awards

20240415 Samsung

Samsung plans to build chipmaking facilities in central Texas that will produce the world's most advanced semiconductors. (Nikkei montage/Source photo by AP)

KEN MORIYASU, KIM JAEWON, CHENG TING-FANG and LAULY LI, Nikkei staff writers

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.

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