US to award Samsung Electronics US$6 billion chip subsidy for Texas expansion, sources say

Apr 9, 2024

The Biden administration will announce next week that it is awarding more than US$6 billion to Samsung Electronics to expand its semiconductor output in Taylor, Texas, as it seeks to ramp up chip-making in the US.

Frontal Report

Frontal Report is an emerging leader in all forms of media. We aim to be the leading news brand for readers around the world.