BluePerspectives

Biden administration agrees to provide billions to Samsung to expand chip manufacturing in Texas

The Biden administration announced on Monday a multi-billion dollar agreement with Samsung that will invest in semiconductor chip production in Texas. The $6.4 billion preliminary agreement is the latest agreement made using funds from the CHIPS and Science Act. Biden signed this bipartisan law in 2022. Samsung is expected invest more than 40 billion dollars in…

 A multibillion-dollar agreement will be signed by the Biden administration with Samsung, which will invest in Texas-based semiconductor chip production. The$ 6. The most recent agreement made with funds from Biden’s bipartisan CHIPS and Science Act, a bipartisan law, is$ 4 billion. Samsung is anticipated to invest more than$ 40 billion… A multibillion-dollar agreement will be signed by Samsung, which will make investments in Texas-based semiconductor chip manufacturing. The$ 6. The most recent agreement made with funds from Biden’s bipartisan CHIPS and Science Act, a bipartisan law, is$ 4 billion. Samsung is anticipated to invest more than$ 40 billion… 

The Biden administration announced on Monday a multi-billion dollar agreement with Samsung that will invest in semiconductor chip production in Texas. The $6.4 billion preliminary agreement is the latest agreement made using funds from the CHIPS and Science Act. Biden signed this bipartisan law in 2022. Samsung is expected invest more than 40 billion dollars in…

  

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