MILPITAS, Calif. ─ April 16, 2024 ─ SEMI, the industry association serving the global electronics design and manufacturing supply chain, today applauded the United States Department of Commerce’s announcement of a Preliminary Memorandum of Terms for an award under the CHIPS and Science Act to support the expansion of Samsung Electronics’ presence in Texas and the company’s development and production of leading-edge chips. The award includes $6.4 billion in grants and an investment tax credit to help fund two new leading-edge logic fabs, a research and development fab, and an advanced packaging facility in Taylor, Texas. Samsung Electronics will also use the funding to expand its Austin fabs.
“SEMI applauds the U.S. Department of Commerce for this latest step to enhance the resilience of the domestic semiconductor supply chain and supply of advanced chips,” said Joe Stockunas, President of SEMI Americas. “The CHIPS and Science Act investment will enable Samsung Electronics to grow its manufacturing footprint in Texas while supporting the buildout of an ecosystem with advanced packaging and R&D capabilities.”
“With Samsung expected to invest more than $40 billion in the region in the coming years, this proposed CHIPS investment would strengthen the standing of Central Texas as a leading-edge semiconductor ecosystem, creating more than 4,500 good-paying manufacturing jobs and 17,000 construction jobs,” Stockunas said.
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About SEMI
SEMI® is the global industry association connecting over 3,000 member companies and 1.5 million professionals worldwide across the semiconductor and electronics design and manufacturing supply chain. We accelerate member collaboration on solutions to top industry challenges through Advocacy, Workforce Development, Sustainability, Supply Chain Management and other programs. Our SEMICON® expositions and events, technology communities, standards and market intelligence help advance our members’ business growth and innovations in design, devices, equipment, materials, services and software, enabling smarter, faster, more secure electronics. Visit www.semi.org, contact a regional office, and connect with SEMI on LinkedIn and X to learn more.
Association Contacts
Samer Bahou/SEMI US
Phone: 1.408.943.7870
Email: [email protected]
Michael Hall/SEMI
Phone: 1.408.943.7988
Email: [email protected]
“We applaud the U.S. Department of Commerce for taking this significant step to enhance the resilience of the domestic semiconductor supply chain,” said Joe Stockunas, President of SEMI Americas. “This CHIPS and Science Act award is a key stride towards a 2-nanometer process, positioning the United States to produce the most advanced semiconductor chips at scale in order to advance global supply chain stability and help meet worldwide chip demand across various markets.”
China, Korea and Taiwan – the top three regions in chip equipment spending in 2023 – accounted for 72% of the global equipment market, with China remaining the largest semiconductor equipment market. The pace of investments in China accelerated 29% year-over-year, reaching $36.6 billion in billings last year. Equipment spending in Korea, the second-largest equipment market, fell 7% to $19.9 billion on softer demand and the memory market inventory correction. After posting four straight years of growth, equipment sales to Taiwan also contracted 27% to $19.6 billion.
“We recognize that the Department of Commerce was faced with a difficult decision to change course regarding the issuance of a third Notice of Funding Opportunity related to R&D under the CHIPS and Science Act due to recent legislative actions directing the department to make a $3.5 billion investment in secure enclave. While we acknowledge the importance of the underlying objectives guiding recent decisions, we are concerned about their impact on longstanding plans for implementing the CHIPS Act, which was shaped by extensive stakeholder input and industry analysis.”
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