US awards Samsung $6.4 billion in grants to boost Texas chip output - The Economic Times

Retrieved on: 2024-04-15 19:04:47

Tags for this article:

CHIPS and Science Act

Presidency of Joe Biden

TSMC

Semiconductor industry

Samsung Electronics

Samsung

Semiconductor Industry Association

Gina Raimondo

Integrated circuit

Semiconductor device fabrication

Intel

STMicroelectronics

Taylor

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US awards Samsung $6.4 billion in grants to boost Texas chip output - The Economic Times. View article details on HISWAI: https://m.economictimes.com/news/international/business/us-to-grant-samsung-up-to-6-4-billion-for-chip-plants-statement/articleshow/109314312.cms

Summary

The article discusses the Biden administration's plan to bolster U.S. semiconductor manufacturing by awarding Samsung grants under the CHIPS and Science Act to expand its Texas facilities, aiming to decrease reliance on companies like TSMC.

Article found on: m.economictimes.com

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