US grants Samsung $6.4 billion to boost local chip production – Computerworld

“Because of investments like Samsung’s, the United States is projected to be on track to produce roughly 20 percent of the world’s leading-edge logic chips by 2030,” the statement said.

The announcement follows an $8.5 billion grant given to Intel and $6.6 billion to Taiwan’s TSMC earlier this year to boost local production. Adding Samsung to the cohort could help support the supply chains of local tech firms.

“Samsung’s expanded chip production in the US is set to bolster the supply chains of US tech firms, particularly in aerospace, defense, automotive, and other industries,” said Charlie Dai, VP and principal analyst at Forrester. “This move will enhance supply chain resilience against global disruptions, improve security through closer collaboration with defense contractors, and reduce costs and shipping times.”


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