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.
WASHINGTON —
“The proposed project will propel Texas into a state of the art semiconductor ecosystem,” Commerce Secretary Gina Raimondo said on a call with reporters. “It puts us on track to hit our goal of producing 20% of the world’s leading edge chips in the United States by the end of the decade.” Samsung’s cluster in Taylor, Texas, would include two factories that would make four- and two-nanometer chips. Also, there would be a factory dedicated to research and development, as well as a facility for the packaging that surrounds chip components.William Byron is back in Texas with more big wins since getting Hendrick’s 300th there last fallThe funding also would expand an existing Samsung facility in Austin, Texas.
General News TX State Wire F Business Politics W U.S. Department Of Commerce Gina Raimondo N Technology Joe Biden Government Programs Austin Washington News
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