Biden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
Headline from The Columbian
WASHINGTON (AP) — 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 cluste
The Columbian's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
WASHINGTON (AP) — 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 cluste
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.
The funding announced Monday by the Commerce Department is part of a total investment in the cluster that, with private money, is expected to exceed $40 billion.
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...
The funding announced by the Commerce Department is part of a total investment in the cluster that, with private money, is expected to exceed $40 billion.
Samsung Electronics is the latest company to reach an agreement with the Biden administration to receive billions in funding to build or expand existing semiconductor manufacturing sites across the U.S.
One of the facilities Samsung is building will be the size of 11 football fields, Commerce Secretary Gina Raimondo said. The new investment will create thousands of jobs, the White House said.
