Samsung to receive $6.6 billion subsidy for chip plant in Texas

Samsung will receive a $6.6 billion subsidy to help it expand its chip plant in Texas, US, reveals Reuters. This is the latest step of the Biden administration in its efforts to boost chipmaking in the United States.

The subsidy will go towards the construction of four facilities in the American plant, including one $17 billion chipmaking plant, another factory, an advanced packaging facility, and an R&D center.

Samsung office in Austin, Texas

Commerce Department Secretary Gina Raimondo will unveil the expanded partnership officially next week. The subsidy will also include an...


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