Statement from President Joe Biden on CHIPS and Science Act Preliminary Agreement with Samsung ...Middle East

I signed the CHIPS and Science Act to restore U.S. leadership in semiconductor manufacturing and ensure America’s consumers, businesses, and military maintain access to the chips that underpin our modern technology. But well before the law was passed, I was working to address our supply chain vulnerabilities. This included my trip to the Republic of Korea (ROK), where I visited Samsung’s Pyeongtaek campus to see one of the largest semiconductor manufacturing facilities in the world. Now, nearly two years later, I’m pleased to announce a preliminary agreement between Samsung and the Department of Commerce to bring Samsung’s advanced semiconductor manufacturing and research and developme

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