The U.S. Department of Commerce has announced a US$6.4 billion subsidy under the CHIPS and Science Act to Samsung Electronics to expand chip production in central Texas. This follows TSMC receiving a subsidy under the same Act. Samsung will use the subsidy to build two wafer fabs, a research center, and an assembly plant. The new fab in Taylor will produce 2nm chips by 2026, positioning Samsung ahead of TSMC in U.S. chip production. Samsung plans to invest US$45 billion in Texas by 2030. 

 

Samsung has been an economic engine in Texas for nearly 30 years. Since 1996, Samsung has invested US$18 billion in Texas. With this subsidy and other investments, it's expected to surpass US$40 billion, transforming Taylor into a major U.S. semiconductor hub. This enables Samsung to further expand in Central Texas and create new manufacturing capacity and capabilities for essential chips for automotive, consumer technology, IoT, aerospace, and other vital industries. To meet the expected surge in demand from U.S. customers, for future products like AI chips, Samsung's new fabs will be equipped with cutting-edge process technologies, helping to enhance the security of the U.S. semiconductor supply chain.

 

In addition to South Korea, Taiwan also plays a vital role in the semiconductor industry. According to the Market Intelligence & Consulting Institute (MIC), a division of the Institute for Information Industry (III), projections indicate that the Taiwanese semiconductor industry's shipment value is set to reach approximately NT$4.17 trillion (US$135.3 billion) in 2024, reflecting a robust year-on-year increase of 13.6%.