The Taylor facility will serve as a nucleus for groundbreaking research and development in advanced logic technologies, manufacturing processes, and packaging methodologies.
Samsung also intends to channel a portion of the grant towards expanding operations in Malta, New York to erect a state-of-the-art fabrication facility. The Malta facility will cater to diverse industries including automotive, aerospace, defense, and artificial intelligence.
Samsung’s windfall echoes Intel’s recent triumph in securing the largest CHIPS grant to date, amounting to a staggering $8.5 billion. With a multifaceted approach, Intel is set to inaugurate new semiconductor plants in Arizona and Ohio while modernizing existing facilities in New Mexico and Oregon. This ambitious initiative is expected to infuse the US economy with an estimated 30,000 jobs, marking a significant milestone in bolstering domestic technological prowess.
The CHIPS and Science Act has empowered the federal government to extend funding and loans to tech enterprises, fostering a conducive environment for domestic innovation and expansion.
