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It looks like <\/a> is starting to pay off. Samsung is planning on doubling its investment in Texas, <\/em><\/a>. This will bring the total investment in the state\u2019s chip-manufacturing sector to $44 billion, as Samsung already spent nearly $20 billion <\/a>.<\/p>\n The ambitious expansion will reportedly take the form of a new chip manufacturing facility, a packaging site and a research and development space. It\u2019ll all be located in or near Taylor, Texas, as that\u2019s where the <\/a>. The current manufacturing hub isn\u2019t operational yet, but will begin building \u201ccrucial logic chips\u201d later this year. For the geographically challenged, Taylor is around a 40 minute drive from Austin.<\/p>\n If this actually happens, it\u2019ll be a huge win for the Biden administration. One of the main goals of the CHIPS Act, after all, is to lure global chipmakers to build on US soil. To that end, Washington <\/a> to Samsung as further incentive to keep things running in the good ole USA.<\/p>\n The CHIPS Act has allowed the federal government to award funding and offer loans to many tech companies to encourage domestic spending. Back in February, the multinational semiconductor company GlobalFoundries <\/a> to help pay for a major US expansion, in addition to a $1.6 billion loan. It plans on building a new fabrication facility in Malta, New York, which will handle the manufacture of chips for the automotive, aerospace, defense and AI industries.<\/p>\n