US EditionBiden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
- The Biden administration has agreed to provide up to $6.4 billion in funding for Samsung Electronics to develop a chip manufacturing cluster in Texas.
- The project, expected to exceed $40 billion in total investment, will create thousands of construction and manufacturing jobs.
- The cluster in Taylor, Texas, will include factories producing four- and two-nanometer chips, with Samsung also planning to claim an investment tax credit.
73 Articles
73 Articles
Biden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas - Hawaii Tribune-Herald
WASHINGTON — The Biden administration has reached an agreement to provide up to $6.4 billion in direct funding for Samsung Electronics to develop a computer chip manufacturing and research cluster in Texas.
Samsung to pour billions more into chipmaking facilities in Central Texas
Samsung says it will plow even more more into its new semiconductor plant northeast of the Texas capital. In exchange, the South Korean company is in line for billions of dollars in federal subsidies through the CHIPS and Science Act. Business and government leaders all over Texas are closely watching this storyline.
Samsung gets $6.4 billion to build massive semiconductor plants in central Texas
By Deepa Shivaram Published April 15, 2024 at 5:00 AM EDT Updated April 15, 2024 at 12:02 PM ET The Biden administration is giving Samsung $6.4 billion to help build massive new semiconductor chip plants in central Texas, the latest in a series of investments that the government hopes will transform the U.S. manufacturing sector. Read more: Samsung gets $6.4 billion to build massive semiconductor plants in central Texas
The US government announced on Monday that it will earmark $6.400 million to Samsung for the construction of state-of-the-art computer chips factories in Austin, Texas. This important investment is a key part of efforts to bring chips production back to US soil, and Samsung is ready to contribute another $40 billion. The project includes the modernization of an existing plant, as well as the construction of new facilities and a research and deve…
Coverage Details
Bias Distribution
- 66% of the sources are Center
To view factuality data please Upgrade to Premium
