Samsung, Texas Instruments, and Amkor have finalized their CHIPS and Science Act funding agreements with the US Department of Commerce. Announced by the department in late December 2024, Samsung will receive $4.745 billion in direct funding, while Texas Instruments and Amkor will receive $1.61bn and $407 million respectively.

Samsung is using the $4.745 billion in funding to support three fabs in Taylor and the expansion of the company's Austin facility.

Samsung Electronics received direct funding of up to $4.745 billion from the CHIPS Act. The award follows the original preliminary funding announced in April of 2024. The funding will support Samsung’s reported $37 billion in the coming years to build up its semiconductor manufacturing presence in Tyler, Texas.

Find out how new CHIPS Act incentive awards will support the government's effort to grow domestic semiconductor manufacturing.