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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