On a 1,200-acre plot of land in a small town 30 miles north of Austin, Texas, South Korean giant Samsung is investing $17 billion to construct a semiconductor fabrication plant. In the city of Sherman, Texas Instruments is also in the early stages of a $30 billion project, which is the largest new chip investment in Texas. This surge in chip manufacturing investments in Texas is not a coincidence. As geopolitical tensions between China and Taiwan drive chipmakers to seek manufacturing options in the U.S., Texas has become a preferred location due to its low taxes and new subsidies. The implementation of the $52 billion CHIPS and Science Act in 2020 has resulted in over 50 new semiconductor projects being announced in the U.S., with a total investment of over $210 billion. Out of this, Texas accounts for over $61 billion, and these projects are expected to create more than 8,000 jobs. Texas Governor Greg Abbott stated in an interview that Texas is well-positioned to lead the next generation of chip manufacturing due to its ports, access to materials, and low cost of doing business. In June, Abbott signed the Texas CHIPS Act into law, allocating $1.4 billion for chip companies to manufacture in Texas and for universities to establish related research and development centers. Notable companies like Samsung, Texas Instruments, Infineon, GlobalWafers, NXP, X-FAB, Applied Materials, Apple, and Amazon have all expanded their operations in Texas in recent months. Arizona is leading in new chip investments with Intel’s $20 billion fab and Taiwan Semiconductor Manufacturing Co.’s $40 billion site. However, Texas has the highest number of total fabs and is a close second in terms of new investments. Texas has become a hub for chip manufacturing, attracting major players due to its favorable business conditions such as low taxes, access to resources, and government support.
Samsung and TI invest $47 billion, making Texas the new chip hub
Denial of responsibility! Swift Telecast is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – swifttelecast.com. The content will be deleted within 24 hours.