Article Image

IPFS News Link • Manufacturing-U.S.A

Another Major US Chip Plant Delays Mass Production Until After 2024 Election

• Zero Hedge

President Biden has made revitalizing domestic chip production a critical strategic priority, supported by tens of billions of dollars in Chips Act subsidies. Despite this, there have been postponements in mass production plans for two different chipmakers, potentially hindering Biden's aim for new plants operational by next year. 

The latest mass production delay is at Samsung Electronics Co.'s $17 billion chip plant in Taylor, Texas. Bloomberg cited a new report from Seoul Economic Daily, which quoted a speech from President Choi Siyoung of Samsung at a recent foundry business industry event in San Francisco.