Samsung is expected to get a $6 billion windfall from U.S. federal funds aimed at getting semiconductor companies to make chips in the country, Bloomberg reports. This amount is $1 billion more than Taiwan’s TSMC, the world’s largest foundry company, which promised to invest 40 billion won. Looking at the size of the subsidy, it is presumed that Samsung Electronics promised additional investment to the U.S. government in addition to the Taylor fab.
The money from the 2022 Chips and Science Act would come with significant additional U.S. investment by the South Korean company, and help it expand a $17 billion project in Texas.
Of the total $39 billion in semiconductor production subsidies, the U.S. government allocated $28 billion to support advanced semiconductor production companies such as Intel, Samsung Electronics, and TSMC. Summarizing the news that has been released until recently, Intel will receive $10 billion in subsidies, Samsung Electronics will receive $6 billion, and TSMC will receive $5 billion.
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