U.S. Awards Samsung $6.4 Billion to Bolster Semiconductor Production
The New York Times
The federal grants will support Samsung’s new chip manufacturing hub in Taylor, Texas, along with the expansion of an existing site in Austin.
The Biden administration will give up to $6.4 billion in grants to Samsung, one of the world’s largest chipmakers, the latest in a slew of awards intended to shore up domestic production of cutting-edge semiconductors.
The money will help Samsung, the South Korean company, fund its new chip manufacturing hub in Taylor, Texas, and expand an existing site in nearby Austin. Samsung will now build an additional manufacturing plant and upgrade a facility under construction in Taylor. It will increase its investment in Texas to roughly $45 billion, up from the $17 billion it announced more than two years ago, administration officials said on Sunday.
Federal officials said the grants would help create a U.S. hub for the development and production of leading-edge semiconductors. Aside from manufacturing chips, Samsung will now construct a research and development facility in Taylor as well as an advanced factory for packaging them, the final step before semiconductors can be used in electronic systems.
The announcement follows other awards that federal officials have made to semiconductor manufacturers in recent weeks. The initiative is funded by the CHIPS Act, which a bipartisan group of lawmakers passed in 2022 to strengthen the domestic supply of semiconductors, the vital components that power everything from phones and computers to cars and weapons systems. The legislation gave the Commerce Department $39 billion to dole out as grants as incentives to chipmakers to construct and expand plants in the United States.
The effort is intended to help reverse a decades-long decline in the U.S. share of global chip manufacturing. Although semiconductors were invented in America, only about 10 percent of the world’s chips are currently made in the United States.
The Samsung grant is the third big award aimed at increasing U.S. production of the most sophisticated semiconductors. Last week, federal officials said they would award up to $6.6 billion in grants to Taiwan Semiconductor Manufacturing Company, the leading maker of the most advanced chips. The administration also announced last month that Intel, a Silicon Valley chipmaker, would receive up to $8.5 billion in grants, which officials said would be the single largest grant under the new program.
The two pilots of an Air Canada Express plane were killed and dozens of passengers and crew members were hospitalized, officials said. The airport was closed until at least 2 p.m., and hundreds of flights were canceled.
On Capitol Hill and in Nashville, comments by Representative Andy Ogles of Tennessee have sown division and underscored a growing tolerance on the right for Islamophobia.
In recent years, more homes have added air-conditioning, something that may come in handy this week as some areas are expected to see temperatures 40 degrees above normal.
After speaking alongside city officials in Paterson, N.J., Leqaa Kordia, who was recently released after a year in ICE detention, led a crowd in chants of “globalize the intifada.”
After a seven-ton fireball exploded above the Cleveland area, a group of meteorite hunters descended too, in the name of science — and possibly cash.
Washington’s floods in December broke records set just four years before, but as farmers, tribes, fishermen and governments search for solutions, a quick fix, dredging, seems to stand in the way.
The show, about John F. Kennedy Jr. and Carolyn Bessette, has fans flocking to restaurants and stores the couple visited during their romance.
The president has been known to disparage foes after their deaths. His response to Mr. Mueller’s death drew criticism from Republicans and Democrats.
While some Jewish students and faculty members have applauded the Trump administration’s renewed push against antisemitism, others believe the government has different motives.
The president issued a threat to deploy ICE agents in an apparent attempt to force Democrats to approve a new budget for the Department of Homeland Security.
A glassy-eyed and slurring Mr. Timberlake alternates between disbelief, annoyance and occasional humor during his 2024 arrest in Sag Harbor, N.Y.
Agronomists at Washington State University are unveiling a new apple, the Sunflare, which they say tastes as good as their Cosmic Crisp but can withstand unpredictable weather.
The war has complicated the Republican message on affordability. Democrats see an opportunity to drive their economic message while tying President Trump to an unpopular overseas conflict.