WASHINGTON, Dec 20 (Reuters) - The U.S. Commerce

Department said Friday it was finalizing an award of up to

$4.745 billion to South Korea's Samsung Electronics ( SSNLF )

and up to $1.61 billion for Texas Instruments ( TXN ) to expand chips

production.

The Samsung award is about $1.7 billion smaller than the

preliminary award announced in April of up to $6.4 billion and

reflects its revised smaller investment plans, the department

said.

A Commerce spokesperson said Friday the department "changed

this award to align with market conditions and the scope of the

investment the company is making. Samsung feels that this award

represents a strong commitment to their Texas and U.S. efforts

and is a sustainable long-term plan for them."

In April, administration officials said Samsung planned to

invest roughly $45 billion in building and expanding its Texas

facilities through the end of the decade. On Friday, Commerce

said Samsung plans to invest $37 billion in the coming years.

Samsung did not immediately comment.

Texas Instruments ( TXN ) has pledged to investment more than $18

billion through 2029 in two new factories in Texas and one in

Utah, which are expected to create 2,000 manufacturing jobs.

Congress in August 2022 approved a $39 billion subsidy

program for U.S. semiconductor manufacturing and related

components along with $75 billion in government lending

authority.

Commerce has now finalized the largest awards it offered

earlier this year including earlier this week finalizing up to

$458 million for SK Hynix ( HXSCF ) in Indiana.

"With this investment in Samsung, the U.S. is now officially

the only country on the planet that is home to all five

leading-edge semiconductor manufacturers," said Commerce

Secretary Gina Raimondo.