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Samsung is doubling its semiconductor investment in Texas to $44 billion
Samsung is reportedly doubling its chip investment in Texas to $44 billion. This will take the form of a new chip manufacturing plant and a packaging hub.
It plans on building a new fabrication facility in Malta, New York, which will handle the manufacture of chips for the automotive, aerospace, defense and AI industries. The current plan is for Intel to use that money to manufacture plants that make leading-edge semiconductor chips meant for use in AI and other advanced applications. The Biden administration signed the CHIPS and Science Act into law back in 2022 to foster domestic semiconductor research and manufacturing and to lessen America’s reliance on Chinese suppliers.
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