According to people familiar with the matter, Samsung Electronics is preparing to announce plans to invest 44 billion US dollars in the US chip manufacturing sector as early as next week.
The world's largest memory chip maker plans to join US Secretary of Commerce Gina Raimondo (Gina Raimondo) to outline the project in Taylor, Texas, according to sources.
People familiar with the matter said that Samsung Electronics has received more than 6 billion US dollars in funding from the US government for an investment plan, and the investment scale is expected to expand to 44 billion US dollars within a few years. However, the timing and details of the announcement are still subject to change until finalized. They asked not to be named since it involved a private matter.
Samsung's additional projects will strengthen Texas's thriving semiconductor ecosystem, including tens of billions of dollars in additional investments from Texas Instruments in its home state and Samsung's existing plant in Austin. It's unclear when large-scale production will begin at the Taylor plant, which was reported last year to delay production. The company's representatives declined to comment.