Biden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas

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…

Samsung awarded $6.4 billion CHIPS Act grant to build 'semiconductor ecosystem' in Texas

The Biden administration has awarded Samsung up to $6.4 billion in grants as part of CHIPS Act funding. This will help the company build out various factories in Texas.

Biden administration awards Samsung $6.4 billion for Texas chip manufacturing

Samsung will build new chip plants in Taylor, Texas and expand its plant in Austin.