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...
The funds will help 900,000 low-income and disadvantaged households benefit from solar energy, including by lowering their electric bills.
Sources familiar with the matter told Bloomberg that the deal is not yet finalized but could be wrapped up and announced as soon as next week. Based on the language used in the article, it does not sound as if the money is coming from the Chips and Science ActRead Entire Article
Memory chip maker Micron Technology is set to get more than $6 billion in grants from the U.S. Commerce Department to help pay for domestic chip factory projects, Bloomberg News reported on Wednesday. The award, which is not yet finalized, could be announced as soon as next week, the report said, citing people familiar with the matter. New York Governor Kathy Hochul said in a statement that the largest private investment in American history is on its way to Central New York. New federal funding...
The Biden administration has reached an agreement to provide up to $6.4 billion in direct funding for Samsung Electronics to develop a computer chip manufacturing and research cluster in Texas. The funding announced Monday by the Commerce Department is part of a total investment in the cluster that, with private money, is expected to exceed […]
According to a statement from President Biden, the preliminary agreement between Samsung and the Department of Commerce will bring the Korean firm's advanced semiconductor manufacturing and research and development to Texas.Read Entire Article
SoftBank will invest $960 million by 2025 to bolster its computing facilities in preparation for its own generative intelligence model.
The Biden administration just announced a preliminary agreement to award Samsung up to $6.4 billion in grants as part of CHIPS Act funding. This money will complement the $44 billion in private investment that the company has promised to spend in the state to build a “semiconductor ecosystem.” This money will be spent to finish a “leading-edge” campus in Taylor, Texas that will focus on research and development of advanced logic technologies, manufacturing and, perhaps most importantly,...
The Biden administration has agreed to provide up to $6.4 billion in direct funding for Samsung Electronics to develop computer chip manufacturing in Texas.
President Joe Biden said on Wednesday that he was immediately rushing badly needed weaponry to Ukraine as he signed into law a $95 billion war aid measure that also included assistance for Israel, Taiwan and other global hotspots. The announcement marked an end to the long, painful battle with Republicans in Congress over urgently needed […]
WASHINGTON (AP) — President Joe Biden said Wednesday that he was immediately rushing badly needed weaponry to Ukraine as he signed into law a $95 billion war aid measure that also included assistance for Israel, Taiwan and other global hot spots. The announcement marked an end to the long, painful battle with Republicans in Congress []
The Biden administration reached an agreement to dole out a staggering $6.1 billion in government support for semiconductor manufacturer Micron Technology to produce advanced computer memory chips in New York and Idaho. Senate Majority Leader Chuck Schumer (D-NY) personally pursued US-based Micron to build what will ultimately be a set of four chip factories near