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,...
In addition to the proposed amount, the CHIPS Program Office will also provide $5 billion in low-cost loans, a statement by US Department of Commerce said.
Figures from the Department for Levelling Up show motorists paid £1.93 billion in fees and fines for parking in the year to April 2023 - up from £1.76 billion the previous year.
The Taiwanese firm, which supplies the likes of Apple and Nvidia, agreed to build a third factory in Phoenix as part of a $65 billion investment in the production hub.
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...
Taiwanese Chip-Making Giant TSMC Gets Billions In US Grants, Loans For Third Arizona Chip Factory Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chip maker, plans to build a third chip factory in Arizona after receiving $6.6 billion in grants and $5 billion in loans through US government subsidies. This is part of a massive effort led by the Biden administration to make America's semiconductor manufacturing industry great again. "Today, we...
Bernadette Joy started her money coaching business as a side gig, before realizing she could use it to increase her income while spending less time working.
The hitmaker made the jaw-dropping admission when she spoke about her tricky long distance romance with Alex.
(The Center Square) – Billions of federal tax dollars are being funneled into semiconductor manufacturing in central Texas after new federal and state laws have gone into effect. The U.S. Department of Commerce announced this week that $6.4 billion was being directed to semiconductor manufacturing at Samsung Electronics facilities in Taylor and Austin, Texas. Gov. Greg Abbott on Tuesday met with Samsung Electronics, Co., Ltd. President and CEO Kye Hyun Kyung and...
UnitedHealth Group on Tuesday reported better-than-expected revenue for the
Russia's economy is on track to outperform all advanced economies this year in a devastating blow to Western nations.
Munich-based digital products engineering company Nagarro crossed the $1 billion revenue mark in financial year 2023 based on year-end currency rates, growing 9.4% year-on-year on a constant currency basis.Revenue increased from about $908 million in 2022. The company follows a January to December financial year.Listed independently on the Frankfurt Stock Exchange in 2020, when its revenue was $516 million at year-end exchange rates, Nagarro has more than doubled its revenue in the past three...