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Biden to provide $6.4bn to Samsung for making chips
The Morning Standard
|April 16, 2024
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.
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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.
Diese Geschichte stammt aus der April 16, 2024-Ausgabe von The Morning Standard.
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