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Published 1 month ago

Biden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas

  • The Biden administration has agreed to provide up to $6.4 billion in funding for Samsung Electronics to develop a chip manufacturing cluster in Texas.
  • The project, expected to exceed $40 billion in total investment, will create thousands of construction and manufacturing jobs.
  • The cluster in Taylor, Texas, will include factories producing four- and two-nanometer chips, with Samsung also planning to claim an investment tax credit.
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