"Samsung Secures $6 Billion Grant for US Chip Plant Expansion"
TL;DR Summary
The US plans to award over $6 billion to Samsung Electronics Co. as part of the 2022 Chips and Science Act, allowing the chipmaker to expand its operations beyond Texas. This move is part of the Commerce Department's expected major awards, which may also include a grant of more than $5 billion to Samsung's Asian rival, Taiwan Semiconductor Manufacturing Co.
Topics:business#businesstechnology#chipmaking#samsung#taiwan-semiconductor-manufacturing-co#texas#us
- Samsung Set to Win Over $6 Billion From US to Expand Chipmaking Beyond Texas Bloomberg
- Samsung close to securing $6 billion grant for chip plant in Texas - GSMArena.com news GSMArena.com
- Samsung poised to win over $6 bln from US for expanded investment, Bloomberg News reports Reuters
- Samsung Reportedly Receiving $6B From Chips Act For U.S. Expansions Bisnow
- Samsung expected to be awarded over $6B for expanded US investment Seeking Alpha
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