The preliminary agreement with the Commerce Department 'will unleash over $40 billion in investment from Samsung, and cement central Texas's role as a state-of-the-art semiconductor ecosystem, creating at least 21,500 jobs and leveraging up to $40 million in CHIPS funding to train and develop the local workforce,' the White House announcement said.
The moves aim to strengthen domestic chip production as a strategic defense against disruption in the global supply chain, heavily dependent on Taiwan. The U.S. seeks to ensure chip supply continuity in the face of potential Chinese threats or natural disasters.
#semiconductor-manufacturing #investment #job-creation #domestic-chip-production #global-supply-chain
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