The U.S. is betting big on homegrown tech! 🌟 South Korea’s Samsung just scored a $6.4 billion grant from the Biden administration to ramp up semiconductor production in Texas, marking a major push to reclaim America’s chipmaking dominance under the 2022 CHIPS Act.
The funds will support two new cutting-edge chip plants, a research hub, and a packaging facility in Taylor, Texas, while expanding Samsung’s existing Austin site. Officials say the move will supercharge supply chains for AI, aerospace, and auto industries – and boost national security. 🇺🇸🔒
“This isn’t just about jobs; it’s about leading the world in innovation,” said Commerce Secretary Gina Raimondo. Samsung’s co-CEO Kyung Kye Hyun added the Texas fabs will produce next-gen AI chips using 2-nanometer tech by 2026 – a game-changer for tech giants craving faster, smarter processors. 🧠💡
Texas Senator John Cornyn called it a “win for global competitiveness,” as the U.S. aims to reverse its 37% to 12% decline in global chipmaking since 1990. Samsung’s total investment? A whopping $45 billion by 2030!
This follows recent CHIPS Act deals with Intel ($8.5B) and Taiwan-based TSMC ($6.6B), signaling a full-court press to bring advanced manufacturing back to American soil. 💼🌍
