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Samsung to Invest US$40bn in Texas for Semis Manufacturing

Samsung Electronics is set to invest over US$40bn in the US semiconductor supply chain, supported by a US$6.4bn funding from the US Government under the CHIPS and Science Act. This investment will enhance projects in Taylor and Austin, Texas, focusing on advanced semiconductor production, including the use of specialty gases like helium. Helium, crucial for creating inert atmospheres during manufacturing, plays a vital role in the production of chips at Samsung's new facilities. This funding support comes after the US government allocated US$11.6bn to TSMC for developing AI-chip factories in Arizona emphasising the strategic importance of semiconductor manufacturing in the US.

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