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chips act

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Samsung, Texan, Korean and U.S. flags hang in front of the Samsung semiconductor chip plant in Taylor, Texas, on Jan. 2, 2024. [EPA/YONHAP]

All eyes on Korean chip giants as U.S. Senate boosts tax credits for semiconductor plants

The U.S. Senate passed a tax bill Tuesday that would increase tax credits for semiconductor companies building new factories in the United States from 25 to 35 percent ― a move poised to draw in global players like Samsung Electronics and SK hynix.

2025.7.2

Samsung Electronics' new semiconductor fabrication plant is under construction at Taylor, Texas, on February 14. [SAMSUNG ELECTRONICS]

Exclusive: Samsung's $37B U.S. chip project to total 7M square feet by 2028

The city of Taylor in Texas has curbed its financial incentives for Samsung Electronics' $37 billion semiconductor manufacturing project in new amendments as construction lags and a global chip glut dampens earlier optimism.

2025.6.2

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U.S. President Donald Trump signs documents as he issues executive orders and pardons for Jan. 6 defendants in the Oval Office at the White House on Inauguration Day in Washington ON Jan. 20. [REUTERS/YONHAP]

Trump prepares to change U.S. CHIPS Act conditions, sources say

The White House is seeking to renegotiate U.S. CHIPS and Science Act awards and has signaled delays to some upcoming semiconductor disbursements, two sources familiar with the matter told Reuters.

2025.2.14

The flags of Samsung, Texas, Korea and United States fly in front of the construction site of Samsung Electronics' semiconductor chip plant in Taylor, Texas, on Jan. 2. [EPA/YONHAP]

Loss for Samsung, win for SK hynix after U.S. reveals final CHIPS Act funding

The U.S. Commerce Department allocated funding under the CHIPS Act, providing Samsung Electronics $4.75 billion for its Texas facility and SK hynix $458 million for its Indiana facility.

2024.12.22

The construction site for Samsung Electronics Co.'s semiconductor plant in Taylor, Texas. [YONHAP]

Samsung Electronics granted $4.7B in CHIPS Act subsidy from U.S. Commerce Department

The U.S. Commerce Department said Friday that it awarded Samsung Electronics Co. up to $4.745 billion in direct funding to support the Korean tech giant's chipmaking investment in central Texas.

2024.12.21

Aerial view of Korea's mega chip cluster under construction in Yongin, Gyeonggi. [YONHAP]

Korea on track to become No. 2 chipmaker by 2032

Korea will claim 19 percent of the world's chip production by 2023, second only to China.

2024.5.9

Korean President Yoon Suk Yeol looks on as U.S. President Joe Biden delivers remarks during a visit to a semiconductor factory at the Samsung Electronics Pyeongtaek Campus in Pyeongtaek, Korea, May 20, 2022. [REUTERS/YONHAP]

U.S. grants Samsung $6.4 billion CHIPS Act subsidy for Texas investment

The U.S. Commerce Department announced on Monday that Samsung Electronics will receive $6.4 billion to subsidize its $45 billion investment in chip facilities in Texas.

2024.4.15

SK hynix pumps $3.9 billion into first U.S. manufacturing base

SK hynix announced a $3.9 billion investment package to build advanced packaging facilities for AI chips in West Lafayette, Indiana, marking its first U.S. manufacturing base. The company will collaborate with Purdue University.

2024.4.3

Samsung Electronics' $17 billion chip plant in Taylor, Texas under construction. [SCREEN CAPTURE]

Samsung to secure $6 billion U.S. subsidy for Taylor plant and beyond

Samsung Electronics is poised to receive more than $6 billion in U.S. subsidy which will help the Korean chipmaker expand beyond its already announced project in Taylor, Texas, according to Bloomberg Friday, citing unnamed sources.

2024.3.15

U.S. Secretary of Commerce Gina Raimondo attends a press conference at the Boeing Shanghai Aviation Services near the Shanghai Pudong International Airport, in Shanghai, China August 30, 2023. [REUTERS/YONHAP]

Korean chipmakers set to win CHIPS Act grant by the end of March

Samsung Electronics will secure subsidies from the United States under the CHIPS Act, but the amount will come after funding for competitors is announced.

2024.3.13