Biden 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
US Offers Samsung $6.4 Billion To IncreaseTexas Chip Manufacture
The Department of Commerce announced on Monday that as part of a larger initiative to grow U.S. chipmaking, the Biden administration will give incentives to South Korea’s Samsung worth up to $6.4 billion so that the company can expand its chip production in central Texas. TakeAway Points: The Biden administration will give subsidies to South […] The post US Offers Samsung $6.4 Billion To IncreaseTexas Chip Manufacture appeared first on TechBulli…
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
Samsung To Receive $6.4 Billion In Grants For Its Texas Chip Production Complex
(CTN News) – The Biden administration will award up to $6.4 billion in grants to Samsung for the expansion of its chip production facility in central Texas. This is part of a larger effort to expand chip production in the United States, the Department of Commerce announced on Monday. Administration Samsung officials told reporters that […] The post Samsung To Receive $6.4 Billion In Grants For Its Texas Chip Production Complex appeared first on …
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