$6.6 billion TSMC deal in Arizona the latest in the CHIPS Act’s rollout
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Samsung awarded $6.4 billion by U.S. under CHIPS Act to boost chip production
The U.S. government will give Samsung up to $6.4 billion in direct funding to boost its chip production in Texas, the Commerce Department said on Monday.In return, the South Korean tech giant will commit $45 billion in investment for its two chip production facilities, one under construction in Taylor and another exiting one in Austin. Samsung will also build an additional advanced packaging plant and a research center.Samsung becomes the third-largest receipt of funding from the U.S. under the...