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Biden Administration Approves $6.4 Bil for Samsungs Texas Chip Expansion

Summary by World-wire.com
The Biden administration has decided to support the tech industry by providing financial help to Samsung. They have agreed to give $6.4 billion to the South Korean company. This money will be used to build a new facility in Texas that will make computer chips. These chips are important for all kinds of electronic devices, like phones and computers. This decision is part of a bigger plan to make sure the United States can make more important tech…
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world-wire.com broke the news in on Tuesday, July 8, 2025.
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