Biden administration agrees to provide billions to Samsung to expand chip manufacturing in Texas ...Middle East

The Hill - Technology
Biden administration agrees to provide billions to Samsung to expand chip manufacturing in Texas
source : The Hill ( Middle East ) () 158
The Biden administration on Monday announced a multibillion-dollar agreement with Samsung, which will invest in semiconductor chip manufacturing in Texas. The $6.4 billion preliminary deal is the latest agreement struck using funds from the CHIPS and Science Act, a bipartisan law Biden signed in 2022. Samsung is expected to invest more than $40 billion in the region over the next several years to build out new facilities in Taylor, Texas, and Austin. The Biden administration said the deal is expected to support more than 20,000 jobs through construction and manufacturing positions. "This announcement, will unleash over $40 billion in investment from Samsung, and cement central Te

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