The CHIPS for America award will provide Samsung Austin, Texas up to $4.745 billion in total direct funding under the CHIPS and Science Act to support the expansion of a facility that has been an economic engine for Central Texas for nearly 30 years. This investment would expand the existing facilities to support the production of leading fully depleted silicon-on-insulator (FD-SOI) process technologies for critical U.S. industries, including aerospace, defense, and automotive. This investment also includes commitments to collaborate with the U.S. Department of Defense.

The CHIPS for America award will provide GlobaWafers with $380 million in direct funding under the CHIPS and Science Act to support the construction of a 300mm silicon wafer manufacturing facility for all chips, including leading-edge, mature-node, and memory chips.