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...
Marjorie Taylor Greene once again spews stupidity wrapped in toxic anger as
WASHINGTON >> The Biden administration will give up to $6.4 billion in grants to Samsung, one of the world’s largest chipmakers, the latest in a slew of awards intended to shore up domestic production of cutting-edge semiconductors.
The expansion includes a second factory, an advanced chip-packaging facility and research-and-development capabilities.
One of the facilities Samsung is building will be the size of 11 football fields, Commerce Secretary Gina Raimondo said. The new investment will create thousands of jobs, the White House said.
The U.S. will provide Ukraine additional Patriot missiles for its air defense systems as part of a massive $6 billion additional aid package, Defense Secretary Lloyd Austin announced Friday. The missiles will be used to replenish previously supplied Patriot air defense systems and are part of a package that also includes more munitions for the […]
WEIRTON, W.Va. (WTRF) -- In December, the Pittsburgh-based steel company U.S. Steel agreed to sell the company to Japan’s largest steel manufacturer, Nippon Steel. Now, two U.S. Senators are calling on President Biden to look deeper into this sale and the effects it could have on the country. Just months after U.S. Steel agreed to []
The AUKUS alliance was forged in 2021 to address shared regional concerns about China's rising power.
President Joe Biden signed a bill Wednesday that could lead to a ban on TikTok, the popular social media app that U.S. lawmakers have said is susceptible to data manipulation by the Chinese Communist Party — and a platform that Biden's own re-election campaign is using to reach young voters. The bill gives TikTok's China-based parent company, ByteDance, up to one year to sell the app or be banned from the U.S. Yet despite the looming court fight over ByteDance's divestment and the persistent...
Treasury's Office of Foreign Assets Control targeted 16 people and two entities in Iran that produce engines that power the drones used in the April 13 attack on Israel.
After Iran's attack on Israel was stopped with major help from the U.S. and other allies, Netanyahu has to heed them going forward.
PANMUNJOM, South Korea — The U.S. ambassador to the United Nations urged Russia and China on Tuesday to reverse course, and stop rewarding North Korea’s bad behavior and blocking U.N. scrutiny of the isolated country’s efforts to evade sanctions over its weapons programs. Ambassador Linda Thomas-Greenfield made the remarks during a visit to the Demilitarized Zone, a heavily fortified border between the two Koreas, which remain technically at war. Her trip to South Korea came after Russia...