This money will be spent to finish a “leading-edge” campus in Taylor, Texas that will focus on research and development of advanced logic technologies, manufacturing and, perhaps most importantly, packaging. When it comes to chips, packaging refers to providing power, inputs and outputs. It’s a highly specialized process that’s typically done overseas, which means that even chips built on US soil have to get shipped to another country and then mailed back. Samsung’s dedicated packaging facility should eliminate some of these headaches and strengthen the overall supply chain.

The money will also go toward an expansion of Samsung’s pre-existing facility in Austin. Taylor and Austin are only 40 minutes away from one another, leading the Biden administration to suggest that the combination of both facilities will turn “Samsung’s existing presence in Texas into a comprehensive ecosystem for the development and production of leading-edge chips in the United States.” The president also says it’ll lead to 21,500 jobs for Texans, with $40 million set aside for training.

The CHIPS and Science Act has given the federal government authority to award funding and offer loans to tech companies to encourage domestic spending. GlobalFoundries received a grant of $1.5 billion back in February to help with a major expansion, in addition to snapping up a $1.6 billion loan. The company plans on spending this money in Malta, New York to build a new fabrication facility that manufactures chips for the automotive, aerospace, defense and AI industries.

Intel recently received the largest CHIPS grant to date, grabbing up to $8.5 billion to continue various US-based ventures. Intel plans on using that money to build some new plants that manufacture semiconductor chips for the AI industry. It’s building two new fabrication facilities in Arizona and two more in Ohio. Intel will also use the financial windfall to modernize a pair of pre-existing plants in New Mexico and one in Oregon. The company says it’ll be investing $100 billion in US-based chip manufacturing, leading to an influx of around 30,000 jobs.

President Biden signed the CHIPS and Science Act into law back in 2022 to encourage domestic semiconductor research and manufacturing in order to lessen America's reliance on Chinese suppliers. All told, it sets aside $52 billion in tax credits and funding for companies to expand stateside production.

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Rather than forcing manufacturers to start ramping up EV sales right away, the changes would allow them to make the shift more gradually through the remainder of the 2020s, sources told the NYT. After 2030, though, EV sales would need to drastically increase. Automakers have argued that the current cost of electric vehicles and the lack of charging infrastructure stand in the way of hitting such extreme targets as those proposed by the EPA. Last year, just 7.6 percent of new cars sold in the US were EVs, per NYT.

The revision is likely a move in part to appease labor unions, which represent a demographic seen as a key area of support for Biden and have expressed a need for more time to unionize new EV plants among other concerns, according to NYT. The rules are not yet finalized, but are expected to be published in the spring.

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