Samsung Slows Opening of Texas Fab Despite CHIPS Stimulus
By Alan Patterson, EETimes (July 16, 2024)
Samsung has slowed the ramp of its new fab in Taylor, Texas, despite the Department of Commerce (DoC) conditionally awarding the company a $6.6 billion stimulus package under the CHIPS Act. The DoC told EE Times that the subsidies for Samsung and other CHIPS Act winners are not final yet.
On April 15, the DoC and Samsung signed a non-binding agreement providing up to $6.4 billion in direct funding under the CHIPS Act to help revive chipmaking in the U.S. During a quarterly results announcement on April 30, Samsung said that it delayed the production start for the Taylor fab project from the second half of 2024 to “maybe 2026.”
To read the full article, click here
Related Semiconductor IP
- Message filter
- SSL/TLS Offload Engine
- TCP/UDP Offload Engine
- JPEG-LS Encoder IP
- JPEG XS - Low-Latency Video
Related News
- U.S. Department of Defense Partners with GLOBALFOUNDRIES to Manufacture Secure Chips at Fab 8 in Upstate New York
- Samsung Selects Texas as Site for $17 Billion Fab
- Samsung Foundry Adopts Leading Voltage-Timing Signoff Solution from Synopsys and Ansys for Advanced-Node, Energy-Efficient Chips
- Chiplet Interconnect Pioneer Eliyan Closes $60 Million Series B Funding Round, Co-led by Samsung Catalyst Fund and Tiger Global Management to Address Most Pressing Challenge in Development of Generative AI Chips
Latest News
- Hailo Selects Avnet ASIC as Channel Partner for TSMC Silicon Production
- ZeroPoint and Rebellions Forge Strategic Alliance to Revolutionize AI Accelerator Performance and Efficiency
- Ubuntu developer images now available for OrangePi RV2: a low-cost RISC-V SBC
- Kandou AI Appoints Srujan Linga as CEO and Amin Shokrollahi as CTO
- Blumind Secures Series A Funding to Accelerate Analog AI Revolution