The Biden administration is set to turbocharge U.S. semiconductor production with a massive $6.6 billion subsidy for Samsung's expansion in Texas! The deal, expected to be announced next week, will fund four new facilities in Taylor—including a state-of-the-art chipmaking plant—and expand Samsung's total U.S. investment to over $44 billion.
This isn't just about tech—it's a power move in the global chips race. The U.S. Chips and Science Act, passed in 2022, aims to reduce reliance on overseas semiconductor imports and counter China's growing influence. Samsung's Texas expansion follows Taiwan region's TSMC, which received a similar $6.6 billion grant this week for its Arizona factories.
Commerce Secretary Gina Raimondo will unveil the subsidy, marking the third-largest award under the program. Samsung's project includes a research hub and an advanced packaging facility, boosting jobs and innovation stateside. No loans are involved—just pure government-backed growth.
With global tech giants doubling down on U.S. soil, the semiconductor showdown is heating up. Who's next?
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The deal, expected to be announced next week, will fund four new facilities in Taylor—including a state-of-the-art chipmaking plant—and expand Samsung's total U.S. investment to over $44 billion. 
The U.S. Chips and Science Act, passed in 2022, aims to reduce reliance on overseas semiconductor imports and counter China's growing influence. Samsung's Texas expansion follows Taiwan region's TSMC, which received a similar $6.6 billion grant this week for its Arizona factories. 
No loans are involved—just pure government-backed growth. 
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