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The
funding, from the 2022 Chips and Science Act, will boost chip
production for the aerospace, defense, and auto industries and
bolster national security, administration officials told
reporters.
"The return of leading-edge chip manufacturing to America is a
major new chapter in our semiconductor industry," said White
House National Economic Adviser Lael Brainard.
Reuters previously reported that the announcement was
forthcoming.
The subsidy will support two chip production facilities, a
research center and a packaging facility, said Commerce
Secretary Gina Raimondo on the call.
It will also enable Samsung to expand its Austin, Texas,
semiconductor facility, Raimondo said.
"(These investments) will allow the U.S. to once again lead the
world, not just in semiconductor design, which is where we do
now lead, but also in manufacturing, advanced packaging, and
research and development," Raimondo said.
Samsung is expected to invest roughly $45 billion in
constructing and expanding its Texas facilities through the end
of the decade, said senior administration officials.
The U.S. investment in chip production is meant to reduce
dependence on China and Taiwan.
(Reporting by Leah Douglas; Editing by Aurora Ellis)
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