The US Department of Commerce on Friday announced its awards to Samsung, Texas Instruments and Amkor Technology under the Chips Incentive Program, totaling more than $6.75 billion.
The program aims to help expand domestic semiconductor production. Samsung was awarded direct funding of up to $4.745 billion – a smaller amount than the initial award of up to $6.4 billion announced earlier this year – while Texas Instruments was awarded $1.61 billion and Amkor was awarded grants of up to $407 million.
Samsung plans to invest $37 billion over the next few years to ramp up chip development and production in the US, the DOC said. The company will expand its operations in Texas to include two new production facilities and a site for research and development. It also plans to expand an existing facility in Austin.
Texas Instruments is working on building three new facilities — two in Texas and one in Utah — which it says will see more than $18 billion invested in it by 2029.
Amcor is planning a $2 billion investment to build an advanced packaging and testing facility in Peoria, Arizona. According to Reuters, it will be the country’s largest facility of its kind.
The Commerce Department says the awards will be distributed when companies meet certain project milestones. It’s expected that this funding will help create thousands of jobs per project.
If you don’t want to sacrifice motion clarity for sharpness, Samsung is for you, too. The second new Odyssey gaming monitor announced by the company, the G60SF, features a 500Hz refresh rate.
Resolution is limited to 2,560 x 1,440 on this model, but both the G6 and G8 mentioned above will deliver VESA True Black 400-certified HDR performance, so the G60SF will still be great for single player games and exceptional for competitive titles like Overwatch 2 and Valorant, thanks to that 500Hz refresh rate.