Well at least Samsung is South Korean and not Chinese state-owned. My phone is a Samsung Galaxy A54, and my 43 inch 4K screen is an LG, same with my washer (made in the USA, but Korean owned company).
Here is the article summary:
The article by Deepa Shivaram published on April 15, 2024, reports on the Biden administration's investment of $6.4 billion in Samsung to build new semiconductor chip plants in central Texas. The South Korean tech giant is expected to invest an additional $40 billion in the project, which will include research and development facilities, manufacturing plants, and packaging facilities. The new plants will create 17,000 construction jobs and more than 4,500 manufacturing jobs over the next decade, with the first plant being as large as 11 football fields.
The investment is part of the Biden administration's efforts to transform the U.S. manufacturing sector and reduce reliance on foreign countries, particularly Taiwan, for chip production. The new facilities will enable Samsung to conduct core research and development in the U.S., manufacture chips at scale, and package them domestically. This is significant as many chips made in the U.S. still need to be sent abroad for packaging.
The investment, which comes from the CHIPS and Science Act signed into law in 2022, is described as the final major announcement in Biden's plans to bring semiconductor manufacturing back to the United States. Earlier this year, the administration announced grants for Taiwanese company TSMC in Arizona and U.S. company Intel in various states.
The new Texas plants are expected to produce chips needed for various technologies, including artificial intelligence and medical devices like pacemakers. The investments will also have significant implications for national security as Samsung has committed to manufacture semiconductor chips directly for the U.S. Department of Defense, increasing production capacity in critical industries like aerospace, defense, and autos, and bolstering national security.
The scale of the investment is massive, with the first plant alone being as large as 11 football fields, and it will take until the end of the decade for all the plants to be fully functional. The expected jobs creation is significant with 17,000 construction jobs and over 4,500 manufacturing jobs. The investments from Samsung and the U.S. government are expected to transform the semiconductor industry in Texas and the United States as a whole, making it more self-sufficient and less reliant on foreign production.
