Samsung will do its best to bolster US semiconductor ecosystem

Samsung announced the expansion of its semiconductor investment in the US. The Biden government is also awarding a subsidy of $6.4 billion to the company so it can accelerate the expansion of its global semiconductor supply chain in the era of AI.

• Experts pointed out Samsung’s production capabilities as a world-leading semiconductor producer and commitment to US investment have led to the third-biggest subsidy deal with Washington.

The Korean tech giant revealed that it’s increasing its investment in its semiconductor plants in Texas to more than $40 billion from $17 billion. Following the CHIPS Act subsidy, Samsung will help to boost the US semiconductor production to 20% by the end of the decade.

Samsung is committed (via KoreaTimes) to doing its best to strengthen the local semiconductor ecosystem in the US, as well as dealing with booming demand for new high-performance AI chips like HBM amid the rise of applications such as GenAI, exemplified by models like ChatGPT.

“We’re not just expanding production facilities, we’re strengthening the local semiconductor ecosystem and positioning the US as a global semiconductor manufacturing destination,” Kyung Kye-hyun, CEO and head of semiconductor business at Samsung Elec, said after the govt’s announcement in Taylor.

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