Samsung Boosts U.S. Chip Manufacturing with $44 Billion Texas Investment

The strategic expansion, supported by the CHIPS Act, aims to enhance domestic production and secure America's tech future.

Samsung is doubling its investment in Texas to $44 billion to bolster U.S. semiconductor manufacturing, aiming to create advanced computer chips crucial for smartphones, AI, and national defense.
The expansion includes a new chip production plant and a facility for packaging, research, and development in Taylor, Texas, with part of the funding coming from the US CHIPS Act.
Samsung expects a significant surge in profits, forecasting a 931% increase in operating profit to $4.89 billion for the upcoming quarter.
The investment is part of a broader effort under the Biden administration's CHIPS Act to reduce America's reliance on foreign chip suppliers and boost domestic production.
Other major semiconductor firms, including Intel and TSMC, are also receiving federal subsidies to expand U.S. chip manufacturing, highlighting the strategic importance of the sector.