The CHIPS Incentives Program aims to bolster domestic semiconductor production, with the recent awards totaling over $6.75 billion, encouraging significant investments from major tech companies.
Samsung's investment plan includes $37 billion for chip development in the U.S., which involves expanding two new production facilities and enhancing research capabilities in Texas.
Texas Instruments is poised to invest over $18 billion into new facilities across Texas and Utah, targeting enhanced semiconductor production and contributing to U.S. tech dominance.
Amkor Technology is committing $2 billion to build the largest advanced packaging and test facility in the U.S. in Peoria, Arizona, which highlights the trend of expanding infrastructure.
#semiconductors #chips-incentives-program #technology-investment #us-commerce-department #job-creation
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