WASHINGTON, – The U.S. Commerce Department announced on Friday that it is finalizing awards of up to $4.745 billion for Samsung Electronics and $1.61 billion for Texas Instruments to expand semiconductor production, part of the government’s initiative to bolster domestic chip manufacturing.

The revised Samsung award is $1.7 billion lower than the preliminary $6.4 billion announced in April, reflecting adjusted investment plans. Samsung now intends to invest $37 billion—down from $45 billion—to build two chip production facilities, a research center, and a packaging facility in Texas by 2030.

A Commerce Department spokesperson explained that the change aligns with current market conditions and Samsung’s scaled-back investment. Samsung expressed satisfaction with the revised award, with executive Young Hyun Jun stating it marks “another milestone” in building a “state-of-the-art semiconductor ecosystem in the U.S.”

Texas Instruments’ Expansion Plans

Texas Instruments will receive $900 million for projects in Texas and $700 million for a Utah facility, supporting its commitment to investing over $18 billion by 2029. The company’s projects are expected to create 2,000 manufacturing jobs across three facilities.

Broader U.S. Semiconductor Investments

These awards are part of the $39 billion subsidy program approved by Congress in August 2022 to enhance U.S. semiconductor manufacturing. The initiative also includes $75 billion in government lending authority to further support the sector.

Recently finalized awards include:

• $7.86 billion for Intel, reduced from an initial $8.5 billion after Intel secured $3 billion from the Pentagon.
• $458 million for SK Hynix in Indiana.

The Commerce Department has now completed over $32 billion of the $36 billion in proposed funding, signaling significant progress in the U.S. government’s efforts to strengthen domestic semiconductor production and reduce reliance on foreign supply chains.

Strategic Impact

These investments are critical to addressing global semiconductor shortages and ensuring U.S. technological leadership. The projects are also expected to contribute to job creation and economic growth while fostering innovation in the semiconductor industry.