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. Samsung previously targeted a mass production schedule for the second half of 2024, but now that timeframe has been shifted to 2025. A spokesperson for the company could not confirm the mass production schedule.
In July, Taiwan Semiconductor Manufacturing Co. revealed its mass production schedule was postponed from late 2024 until 2025 due to a shortage of […]
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