The US government will give Samsung up to $6.4 billion in direct funding to boost their chip production in Texas, the Commerce Department said Monday. In return, the South Korean tech giant will ...

The US government is awarding Samsung up to $6.4 billion in grants to expand its chip production facilities in Texas, USA, to boost US-based semiconductor chipmaking. 2 VIEW GALLERY - 2 IMAGES ...

The Biden administration will award up to $6.4 billion in grants to South Korea’s Samsung 005930.KS to expand its chip production in central Texas as part of a broader effort to boost U.S ...

Samsung gets $6.4 billion chip grant from the US government In 2022, the Joe Biden-led US government established the CHIPS and Science Act to boost the domestic chip industry.

The U.S. government on Monday announced a $6.4 billion subsidy for South Korean tech giant Samsung to build advanced computer chip manufacturing facilities in the Austin area, the latest wave of ...

Samsung to Get Up to $6.4 Billion in US Grants for Chip Plants. Company is expected to invest more than $40 billion in Texas; South Korean maker isn’t tapping Chips Act’s loans, guarantees ...

The US Commerce Department has announced that it was finalizing an award of up to $4.745 billion dollars to Samsung Electronics to boost chip production. Notably, earlier in April this year ...

WASHINGTON (Reuters) -The U.S. Commerce Department said on Friday it was finalizing an award of up to $4.745 billion to South Korea's Samsung Electronics and up to $1.61 billion for Texas ...

The announcement follows an $8.5 billion grant given to Intel and $6.6 billion to Taiwan’s TSMC earlier this year to boost local production. The US has committed $6.4 billion in grants to help ...