Biden’s bet on Texas chips
Welcome to The Hill’s Technology newsletter {beacon} Technology Technology The Big Story Biden admin gives billions to Samsung for Texas chip plant The Biden administration announced Monday a multibillion-dollar agreement with Samsung, which will invest in semiconductor chip manufacturing in Texas. © AP Photo/Jacquelyn Martin The $6.4 billion preliminary deal is the latest agreement struck…
The $6.4 billion preliminary deal is the latest agreement struck using funds from the CHIPS and Science Act, a bipartisan law Biden signed in 2022.
Samsung is expected to invest more than $40 billion in the region over the next several years to build... [1310 chars]
Published by: The Hill
Read full article here: https://thehill.com/newsletters/technology/4595978-bidens-bet-on-texas-chips/
