US To Award Samsung Up To $6.6 Billion Chip Subsidy For Texas Expansion

The Biden administration plans to announce it is awarding more than $6 billion to South Korea's Samsung next week to expand its chip output in Taylor, Texas, as it seeks to ramp up chipmaking in the U.S., Reuters reported Tuesday, citing sources. From the report: The subsidy, which will be unveiled by Commerce Department Secretary Gina Raimondo, will go toward construction of four facilities in Taylor, including one $17 billion chipmaking plant that Samsung announced in 2021, another factory, an advanced packaging facility and a research and development center, one of the sources said.

It will also include an investment in another undisclosed location, the source said, adding that Samsung will more than double its U.S. investment to over $44 billion as part of the deal. One of the sources said it would be the third largest of the program, just behind Taiwan's TSMC, which was awarded $6.6 billion on Monday and agreed to expand its investment by $25 billion to $65 billion and to add a third Arizona factory by 2030.

'Murica

[VeryFluffyBunny]

The land of low-knowledge, high-confidence workers. What could go wrong? Freedom!

Re:

[Baron_Yam]

I expect it's an attempt to buy votes, and I don't understand why the Democrats haven't figured out yet that doesn't work with these voters - they'll take the money, complain about the fact that you spent it on them, and then vote for the politician who promises to take it away again.

And it's Texas, a state that is actively persecuting over half its own population. You're not going to get top-tier people there... the top-tier people are leaving because they have the means and don't like the politics. The

Re:

[kick6]

And it's Texas, a state that is actively persecuting over half its own population.

You know you're allowed to form your own, nuanced, opinion on the issue right? You don't have to repeat the binary, hyperbolic garbage you're fed?

You're not going to get top-tier people there... the top-tier people are leaving because they have the means and don't like the politics. The state has been having a net population gain, but it's people drawn to the "Ya'll Quaida" politics. The young, educated, and politically more liberal people are leaving when they have the means.

Tell me you don't know Austin exists without telling me you don't know Austin exists.

Re:

[Rei]

Come on, we all know it's only a matter of time before Austin breaks away and forms the Texas People's Republic [i.redd.it] ;)

Re:

[Baron_Yam]

>You don't have to repeat the binary, hyperbolic garbage you're fed?

Oh... so no problems with abortion rights in Texas, then. Phew.

Re:

[oh_my_080980980]

I thought this article was about semi conductor manufacturing. I didn't know Samsung was into abortions.

Re:

[Targon]

Who do you think works in the upper end of the tech sector? Yep, highly educated people who actually understand that freedom means the government shouldn't be eliminating ESTABLISHED rights. So, all of those people who would move for the job would find the political climate in Texas to be repulsive, and will leave as quickly as they can, or the population of Texas will shift away from the pseudo-conservative nonsense that currently dominates.

Re:

[UnknowingFool]

I was under the impression that Samsung employed humans as workers in their semiconductor plants. Some of them might be female and might be affected by the politics of abortion. Just a hunch.

Re:

[OfMiceAndMenus]

No, but a significant portion of their employees should have the ability to govern their own fucking bodies, and Texas' asshole minority conservative retards are trying to throw people in jail for using birth control.

Fuck you and the disingenuous horse you rode in on.

Re:'Murica

[smooth wombat]

a state that was harassed relentlessly for wanting to actually define and protect a border

And yet, Abbott hasn't said a single word about all the companies he's investigated for hiring those illegals, or all the fines he's laid out, or those who have been arrested. All the home builders, construction firms, golf course, hotels, restaurants, landscapers, grocery stores, meat processing plants, farms, orchards, and everyone else who whines and bitches about illegals, yet willingly and knowingly hires them.

When Abbott starts advertising how many companies have been fined and the owners arrested for hiring illegals, let us know. Until then, it's all talk.

Re:

[stabiesoft]

This. I've lived in Austin for awhile now. I'm trying to think of a single project (house paint, deck work, fence work, roof...) where it was not a Spanish speaking person doing the actual work. Sure the supervisor who dropped by might have spoken English. Might. The only for sure English speaker was the sales person. And even that wasn't true once where I hired a guy to rebuild my mailbox stone post that an Amazon driver mowed down. Somehow we managed to communicate enough to get it done.

Re:

[VeryFluffyBunny]

You know, a lot of American citizens & permanent residents speak Spanish, right?

Re:

[doc1623]

Yes, some Americans can speak Spanish like a native, some Americans born in the U.S. do. As someone in Texas, it's most likely not American's doing that work, and seeming to ONLY speak Spanish. I consider myself on the more liberal side, and yes there is a lot of "hate" speech about immigration that should be directed elsewhere, but I honestly don't know how it affects American's pay, benefits, or ability to get a job. I haven't seen anyone point to any studies, that I recall. It would be lower paying jobs,

Re:

[VeryFluffyBunny]

Well, it is the "land of opportunity." Don't be surprised if it encourages opportunists.

Re:

[Anonymous Coward]

You’re referring to the illegal immigrants who entered a country illegally through a state that was harassed relentlessly for wanting to actually define and protect a border (otherwise known as that shit EVERY other country enforces). I’ve heard some bullshit verbiage used to dance around the illegal immigrant problem, but yours certainly takes the cake. What’s next, we gonna worry about the population in Texas that’s behind bars too? All those poor poor murderers and rapists.

Ronald Reagan had an interesting take on this matter. I always like to use him as a reference when talking modern republican politics.

"I believe in the idea of amnesty for those who have put down roots and lived here, even though sometime back they may have entered illegally,"

Looks like he'd he called a woke libtard.

Re:

[blahabl]

You’re referring to the illegal immigrants who entered a country illegally through a state that was harassed relentlessly for wanting to actually define and protect a border (otherwise known as that shit EVERY other country enforces). I’ve heard some bullshit verbiage used to dance around the illegal immigrant problem, but yours certainly takes the cake. What’s next, we gonna worry about the population in Texas that’s behind bars too? All those poor poor murderers and rapists.

Ronald Reagan had an interesting take on this matter. I always like to use him as a reference when talking modern republican politics.

"I believe in the idea of amnesty for those who have put down roots and lived here, even though sometime back they may have entered illegally,"

Looks like he'd he called a woke libtard.

Funny how leftists are always 100% "no human is illegal" when talking about some brown person jumping Mexican border wall and stealing some redneck's job, but become 100% hardcore racists when talking about different-shade-of-brown person, landing at Los Angeles airport, H1B visa in hand, and heading for Silicon Valley to "steal" some hipster techie job. *Those* people need to be booted immediately. For their own good of course. Funny that.

Re:

[UnknowingFool]

Funny how leftists are always 100% "no human is illegal" when talking about some brown person jumping Mexican border wall and stealing some redneck's job, but become 100% hardcore racists when talking about different-shade-of-brown person, landing at Los Angeles airport, H1B visa in hand, and heading for Silicon Valley to "steal" some hipster techie job. *Those* people need to be booted immediately. For their own good of course. Funny that.

Funny how some people think that every job that an immigrant took is one that everyone wanted and the pay is what everyone will accept. How many of those rednecks actually want to work long hours outside for little pay? I would guess very few because no one is stopping them from showing up at a farm to pick crops. The best example of how flawed this line of thinking is Brexit.

One of the core reasons of Brexit was to control the borders so foreign (but legal) labor would be reduced. However for some industri

Re:

[blahabl]

Exact same mechanisms work within context of H1B techies. There's a ton of low-paid techie positions that no leftist hipster will take because the pay is waaay too shitty. And yet, only one of those job markets is allowed to be uncontrollably flooded with cheap foreign labour so employers don't have to increase their offered wages. Funny that.

Re:

[UnknowingFool]

So are you agreeing with me that Mexican illegals are not stealing redneck jobs?

Re:

[blahabl]

But H1Bs are?

Re:

[OfMiceAndMenus]

harassed relentlessly for wanting to actually define and protect a border

No, that's not what happened at all.

They were harassed a normal amount for wanting to deploy the military and allow civilians to shoot border-crossers on sight. Unarmed civilian border-crossers fleeing bad conditions, whom they don't know anything about, without any due process.

They were harassed (and still are, and still should be) for advocating for shooting immigrants just because they're crossing an imaginary line while at the same time outlawing public open carry because they finally realized th

Re:

[Rei]

It's a national security issue to increase domestic production of advanced chips, of course.

The inverse applies as well - China is likewise dumping money on trying to develop advanced chip fabs in-country, because *their* national security is threatened by outside entities controlling supplies of advanced chips.

Taiwan being a particularly key player globally.

Re:

[VeryFluffyBunny]

Taiwan is how it is today because of decades of shrewd, well-informed leaders, excellent education, social values, etc.. The USA can't just import that & attempts to recreate that workforce & its social support elsewhere will be problematic to say the least.

Being like a Taiwanese just ain't the 'Murican way. Just look at the differences in public responses & social responsibility during the COVID-19 pandemic; the two countries couldn't have been more different.

Re:

[Baron_Yam]

>Taiwan is how it is today because of decades of shrewd, well-informed leaders, excellent education, social values, etc.. The USA can't just import that

Well, Canada often sends its best down to the US, chasing that green paper that doesn't flow so well here.

But forget us. The US has plenty of places where it already has a sufficiently educated population and they live near the required resources to support these factories. And the majority of the consumers of those factories' output. They just don't ha

Re:

[nehumanuscrede]

Think of it as an insurance policy for when China decides to go all in on Taiwan.

Re:

[smooth wombat]

and giving out money to welfare queens as a reward for staying unemployed.

Then perhaps all those businesses we taxpayers keep endlessly propping up should be allowed to go bust.

But I don't expect you to get that.

Re:

[blahabl]

and giving out money to welfare queens as a reward for staying unemployed. Then perhaps all those businesses we taxpayers keep endlessly propping up should be allowed to go bust. But I don't expect you to get that.

Ah yes, nice goalpost shift. Yes we should. Though your Dear Leader is just as unlikely to do that as anyone else. Now, back to the original topic?

Re:

[drinkypoo]

Ah yes, nice goalpost shift. Yes we should. Though your Dear Leader is just as unlikely to do that as anyone else. Now, back to the original topic?

This IS the original topic. We give far more money to the wealthy than we do to the poor.

Re:

[blahabl]

Ah yes, nice goalpost shift. Yes we should. Though your Dear Leader is just as unlikely to do that as anyone else. Now, back to the original topic?

This IS the original topic. We give far more money to the wealthy than we do to the poor.

If you have a plan to restart chip production in the US by increasing funding for welfare queens, I'm all ears.

Re:

[drinkypoo]

If you have a plan to restart chip production in the US by increasing funding for welfare queens, I'm all ears.

Tariffs on products made with slave labor. Of course, we'd have to place them on many goods from our own country, but that's something we should be doing. From now on, we will call you "ears".

Re:

[blahabl]

Yes, I bet the California hipsters will be perfectly okay with prices of their iShit rising 300% overnight. Try again.

Re:

[drinkypoo]

Why should I try again? I named not only a solution, but what is reasonably the solution.

Re: It's amazing

[drinkypoo]

I won't vote for him for other, more important reasons, like preserving what whisper of democracy we have.

Re:

[ArchieBunker]

Especially if you own a massive farm. https://www.texasobserver.org/... [texasobserver.org]

Money well spent

[colonslash]

Buying votes, rewarding lobbyists, diluting the currency, and ruining the benefits of market competition in this space.

Re:

[Targon]

George W. Bush and Trump were responsible for exploding the national debt with their bad policies. Tell me, how well did all those tax givaways to the wealthy actually improve the economy? Those wealthy people kept their money in banks or the stock market instead of spreading it around where more people would benefit. $10,000,000 given to the poor and middle class benefits the overall economy so much more than giving it to the wealthy.

Re:

[colonslash]

Agreed, the Republicans spend way too much, just like the Democrats. Biden just approved a $1.2T budget for 6 months at a time when the debt is rising ~$1T/100 days [cnbc.com].

Government giveaways, whether they're to corporations or "the poor and middle class", cause inflation, and inflation hurts the poor the most [compassion.com].

Re:

[nehumanuscrede]

The US Government has a spending problem that it refuses to acknowledge.

Their fix, instead of getting their spending under control, is to simply find more ways to get more tax dollars out of all of us.
It's been this way since day one, irregardless of Team Red of Team Blue. They work together to get us to fight amongst each
other so they can continue doing what they've always done.

While we're too busy arguing over stupid shit, they're laughing all the way to the bank.

Show me any member of Congress who has be

Re:

[colonslash]

Show me any member of Congress who has been there for more than ten years who ISN'T a multi-millionaire. :| Then tell me how it's done legally on their salary.

It's done legally because they make the laws. It's not done ethically.

More Corporate subsidies

[oh_my_080980980]

It's amazing how in the same article it was made clear Samsung and TSMC do not need government handouts to expand chip production in the United States. Samsung said it would invest $44 billion and TSMC $65 billion. Unless Samsung and TSMC don't plan on investing and those statements by them were lies. Hmm...

Really the sad part

[stabiesoft]

Is that foreign companies are now the leaders in an industry we(US) started. How far we have fallen behind in the US. And in an industry we define as essential. This is an intellectual industry, not something you happen to have in the ground like nickel or cobalt. Does not bode well for the future that we cannot educate to the standard required. And even more sadly, the key individuals at these plants are not going to be from the US. TSMC/Samsung will send over qualified people to oversee the work and ensur

Fuck Texas

[OfMiceAndMenus]

Any company that actively seeks to set up shop in a regressive christofascist den of retarded alt-right politicians and their perpetual failures deserves all the bad things that come to them.

Re:

[Kerry Boehm]

News flash... Companies primary purpose is to make money. They will go somewhere which is not hostile to that. In other words where ever you and the people you vote for are not.