The US government has announced it will hand $6.4B to Samsung, in a bid to get more advanced chips produced on US soil. The company, headquartered in South Korea, is currently in the process of building chipmaking facilities, including a fab and packaging plant, in Taylor, Texas and this big influx of cash hopes to convince it to stay in the Lone Star State for the long-term.
«The chips that Samsung will be making in Texas are important components to our most advanced technologies, from artificial intelligence to high-performance computing and 5G communications,» Gina Raimondo, US Secretary of Commerce, said. «With President Biden's leadership and Samsung’s commitment to the US, this proposed funding advances America’s leadership in semiconductor manufacturing on the world stage.»
The money promised to the South Korean tech giant will part-fund two new cutting-edge fabs, an R&D fab, and an advanced packaging facility in Texas. All of which will join forces with the company's existing facility outside of Austin. The two fabs will focus on 4nm and 2nm process nodes, which will see the new Samsung facilities competing with TSMC and Intel for tiny, efficient chips made on American turf.
Samsung is one of three major chipmaking firms receiving a wad of cash from the US government, and would you believe that $6.6B is actually the lowest amount tentatively awarded to any of them. The others, Intel and TSMC, are set to receive $8.5B and $6.6B, respectively.
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Samsung has been keen to compete with the likes of TSMC for foundry clients, and over the years it has won a few major ones that will be familiar to PC gamers. That includes products as recent as Nvidia's RTX 30-series, which was manufactured on Samsung's 8nm process node, but also a bunch of the entry-level GTX
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