Recent leaks indicate that Samsung is planning another major chip investment in the United States. Thanks to the large incentive package implemented by the Biden administration recently, many chip manufacturers are expanding their presence in the country by receiving significant grants.
It is rumored that Samsung will receive a whopping $6 billion incentive for making a new investment in the region. However, details of the agreement between the parties have not been disclosed yet due to the strategic importance of chip production. Here are the key details…
Samsung will expand its chip production network
Samsung, which has already established a $17 billion chip manufacturing facility in Texas, is deliberating on how to utilize the new incentive it will receive. Given the magnitude of the amount, the company may opt to open another factory in the country rather than expanding its existing facility. Whether this new factory will be in the same state or in another region remains unknown at this time. However, Texas stands out with its low tax rates and robust transportation facilities.
The company’s biggest rival in the sector, TSMC, had also obtained $5 billion under the incentive package from the US Department of Commerce. It is speculated that the American government’s move is aimed at localizing chip technology, which has gained strategic importance, especially with the development of artificial intelligence.
The government aims to meet the increasing demand for chips entirely locally to reduce dependence on imports in this field. Additionally, chip manufacturing facilities will create new job opportunities for thousands of people and revitalize the American economy.
What are your thoughts on this matter? Do you think America’s chip strategy is correct? Where do you think Samsung might open its new production facility? You can easily share your answers with us in the comments section below. Your opinions are very valuable to us.
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