US To Award Samsung Up To $6.6 Billion Chip Subsidy For Texas Expansion

The Biden administration plans to announce it is awarding more than $6 billion to South Korea's Samsung next week to expand its chip output in Taylor, Texas, as it seeks to ramp up chipmaking in the U.S., Reuters reported Tuesday, citing sources. Fro

By: Slashdot.org

May 06 2024
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The subsidy, which will be unveiled by Commerce Department Secretary Gina Raimondo, will go toward construction of four facilities in Taylor, including one $17 billion chipmaking plant that Samsung a… [+563 chars]

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