The Biden administration plans to announce it is awarding more than $6 billion to South Korea's Samsung next week to expand its chip output in Taylor, Texas, as it seeks to ramp up chipmaking in the U.S.
The Biden administration plans to announce it is awarding more than $6 billion to South Korea's Samsung next week to expand its chip output in Taylor, Texas , as it seeks to ramp up chipmaking in the U.S. , two people familiar with the matter said.next week to expand its chip output in Taylor, Texas , as it seeks to ramp up chipmaking in the U.S. , two people familiar with the matter said.
The Commerce Department and Samsung declined to comment. Texas Governor Greg Abbott's office did not respond to requests for comment., which was awarded $6.6 billion on Monday and agreed to expand its investment by $25 billion to $65 billion and to add a third Arizona factory by 2030.
Biden Administration Award $6 Billion Samsung Chip Expansion Texas Chipmaking U.S.
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