Samsung is making big moves in the semiconductor industry with plans to build a new manufacturing facility in Taylor, Texas, marking its third in the US. This expansion comes after the company announced a $17 billion investment for a chip factory in Taylor back in 2021. Now, Samsung is looking to more than double that initial investment, aiming to reach a total of around $44 billion.

Here are some key points about Samsung’s semiconductor investment in Texas:

– The new facility will be located in Taylor, Texas, just outside of Austin, where Samsung already has existing operations.
– The expansion plans include a chip-making factory and a facility dedicated to advanced packaging and research and development.
– The initial estimated cost of the manufacturing site is over $20 billion, with the packaging facility potentially costing up to $4 billion.
– Samsung is expected to unveil its expanded investment plans at an event in Taylor on April 15.
– To help fund this extensive expansion, Samsung is anticipated to receive billions of dollars in subsidies from the US Chips Act.

The Chips Act, which was passed two years ago, set aside $53 billion in grants for projects like Samsung’s. Other companies like Intel and GlobalFoundries have already received significant funding for their chip projects across the US. This push for domestic semiconductor production aims to strengthen the US supply chain for critical technologies.

This strategic move by Samsung aligns with broader efforts within the industry to address national security concerns related to semiconductor manufacturing. With the US share of chip-making declining over the years, investments like these are crucial for maintaining technological leadership and security in areas such as advanced weaponry, cyber warfare, and AI development.