Korea will claim 19 percent of the world's chip production by 2023, second only to China.
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.
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.
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.
Samsung Electronics will secure subsidies from the United States under the CHIPS Act, but the amount will come after funding for competitors is announced.
Samsung and SK hynix have stopped selling used chipmaking equipment to Chinese entities amid increased US pressure to restrict China's access to key technology.
The U.S. chipmaker is expected to be awarded with nearly $10 billion from the Chips and Science Act as its competitors grapple with delays in their U.S. projects.
Samsung Electronics' chip factory in Taylor, Texas, will begin operating by July this year, according to a court session in Williamson County, where the plant is located.
Applied Materials, a U.S. chip equipment manufacturer, is under criminal investigation in the United States for allegedly sourcing its machines to China’s SMIC through an entity based in Korea, according to Reuters.
SKC, the material and chemical unit of SK Group, said Monday it acquired 12 percent of Austin, Texas-based chip packaging firm Chipletz amid growing demand for packaging technology.
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