"Biden Administration Grants Samsung $6.4 Billion for Texas Chip Expansion"

The Biden administration has agreed to provide up to $6.4 billion in direct funding for Samsung Electronics to develop a computer chip manufacturing and research cluster in Texas, as part of a total investment expected to exceed $40 billion. This funding, part of the CHIPS and Science Act, aims to revive domestic production of advanced computer chips and propel Texas into a state-of-the-art semiconductor ecosystem, creating thousands of jobs. The cluster in Taylor, Texas, will include two factories making four- and two-nanometer chips, a research and development facility, and a packaging facility. This move aligns with the goal of producing 20% of the world's leading edge chips in the United States by the end of the decade.