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US to award Samsung up to $6.6 billion chip subsidy for Texas expansion, sources say

WASHINGTON (Reuters) -The Biden administration plans to announce it is awarding more than $6 billion to South Korea's Samsung next week to expand its chip output in Taylor, Texas, as it seeks to ramp up chipmaking in the U.S., two people familiar with the matter said. The subsidy, which will be unveiled by Commerce Department Secretary Gina Raimondo, will go toward construction of four facilities in Taylor, including one $17 billion chipmaking plant that Samsung announced in 2021, another factory, an advanced packaging facility and a research and development center, one of the sources said. It will also include an investment in another undisclosed location, the source said, adding that Samsung will more than double its U.S. investment to over $44 billion as part of the deal. ....

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Biden administration to grant Samsung a $6.6 bn subsidy for Texas chip expansion

The Biden administration has decided to award the South Korean tech giant Samsung $6.6 billion subsidy to strengthen domestic semiconductor production.

The funds are designated to expand Samsung's chip output in Taylor, Texas, Reuters reported, citing sources familiar with the matter revealed. ....

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US to award Samsung up to US$6.6b chip subsidy for Texas expansion, sources say

WASHINGTON, April 9 ― The Biden administration plans to announce it is awarding more than US$6 billion (RM28.5 billion) to South Korea's Samsung next week to expand its. ....

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Samsung may get $6 bn Chip Subsidy for Texas Expansion

Joe Biden administration is set to announce $6 billion subsidy to South Korean tech giant Samsung Electronics next week ....

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US to award Samsung up to $6.6 billion chip subsidy for Texas expansion, ET Telecom

The Commerce Department and Samsung declined to comment. Texas Governor Greg Abbott s office did not respond to requests for comment. ....

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