Biden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
WASHINGTON (AP) — The Biden administration has reached an agreement to provide up to $6.4 billion in direct funding for Samsung Electronics to develop a computer chip manufacturing and research cluster in Texas.
The funding announced Monday by the Commerce Department is part of a total investment in the cluster that, with private money, is expected to exceed $40 billion. The government support comes from the CHIPS and Science Act, which President Joe Biden signed into law in 2022 with the goal of reviving the production of advanced computer chips domestically.
“The proposed project will propel Texas into a state of the art semiconductor ecosystem,” Commerce Secretary Gina Raimondo said on a call with reporters. “It puts us on track to hit our goal of producing 20% of the world’s leading edge chips in the United States by the end of the decade.”
Related articles
'Constantly learning' Imanaga off to impressive start with the Chicago Cubs
CHICAGO (AP) — The road for Shota Imanaga from Japan to the major leagues included at least one shar2024-05-21REVEALED: Larry Ellison son's David, 41, and his bid to buy media giant Paramount
David Ellison's production company Skydance Media is one of the leading contenders to acquire the fl2024-05-21UN's commission on science and technology elects new chair
GENEVA, April 20 (Xinhua) -- Gambia's Muhammadou Kah was elected chair of the UN Commission on Scien2024-05-21Stalker bodybuilder, 32, is branded a monster by his girlfriend after he smashed up her house
A stalker bodybuilder who verbally abused and harassed his ex-girlfriend after meeting her at a gym2024-05-21Everybody may love Raymond, but Ray Romano loves Peter Boyle
NEW YORK (AP) — “Baffling” is how Ray Romano calls the continued success of “Everybody Loves Raymond2024-05-21Sydney Sweeney 'apologizes' for 'having great t**s' during bikini
Sydney Sweeney shared bikini-clad vacation photos of her Mexican getaway on Instagram on Sunday whil2024-05-21
atest comment