Samsung receives $6.4 billion in CHIPS grants, will boost production in Texas
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Samsung to receive $6.4 billion from the CHIPS and Science Act
Samsung is going to get $6.4 billion from the US CHIPS and Science Act. As part of the arrangement, the company has promised to invest $40 billion in and around Austin, Texas, in the coming years.
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Samsung Electronics Gets $6.4 Billion for Texas Chip Plants
The expansion includes a second factory, an advanced chip-packaging facility and research-and-development capabilities.
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Biden administration cancels another $7.4 billion in student loans
President Biden announced $7.4 billion in new student loan forgiveness days after touting his broader plan to cancel debt.