On Tuesday, South Korea reported that Samsung had postponed the start of production of its Texas chip factory, and Biden's ambition to revitalize the local semiconductor industry chain was hit again.
According to reports, Choi Se-young, president of Samsung's foundry business, said in an industry speech in San Francisco that the $17 billion Texas factory will start mass production in 2025, instead of the second half of 2024 as previously planned.
Samsung is not the only one that has postponed the construction of the factory. Previously, TSMC also postponed the start of production of its Arizona factory in the United States from 2024 to 2025 due to a lack of construction workers and technicians to install the machines.
Biden originally planned to promote high-end manufacturing similar to wafer manufacturing to return to the United States to strengthen the anti-risk ability of the American enterprise chain. However, the delay in the production of TSMC and Samsung's US factories means that the new factories worth tens of billions of dollars may not be put into production until next year in the United States.
According to some analysts, the complex and cumbersome environmental permitting process in the United States and Biden's hard-to-cash financial incentives have dampened the enthusiasm of many businesses.
While Biden** will provide $100 billion in support to companies building new semiconductor factories in the U.S. under the CHIPS Act, just over a year later, Biden** has provided only $35 million in funding to the U.S. subsidiary of British aerospace company BAE Systems PLC.
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