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
Water begins to flow again in downtown Atlanta after outage that began Friday
ATLANTA (AP) — Water pressure was returning to downtown Atlanta and nearby neighborhoods on Sunday a2024-06-03Europe's far right groups launch unofficial campaign for the European Union elections
MADRID (AP) — Europe’s far-right political parties unofficially launched their campaign Sunday for E2024-06-03Healey's goal in 2nd period gives Boston 4
LOWELL, Mass. (AP) — Jess Healey scored from the point late in the second period to lift Boston to a2024-06-03Bryson DeChambeau puts on a show but somehow comes up short at PGA Championship
LOUISVILLE, Ky. (AP) — The putt that barely toppled in on the 18th hole. The tee shot that hit a tre2024-06-03Israeli siblings Ron and Leah Polonsky chase Olympics from Bay Area rivals Stanford and Cal
STANFORD, Calif. (AP) — With nearly identical ear-to-ear smiles, Ron and Leah Polonsky stroll throug2024-06-03World's greatest ever bull rider reveals the heartwarming reason he bought the beast that sling
Texas bull riding legend J.B. Mauney has revealed the heartwarming reason he adopted the beast that2024-06-03
atest comment