WASHINGTON (AP) — The Biden administration has reached an agreement to provide up to $6.4 billion in direct funding for Samsung Electronics to develop a computer chip manufacturing and research cluster in Texas. The funding announced Monday by the Commerce Department is part of a total investment in the cluster that, with private money, is expected to exceed $40 billion. The government support comes from the CHIPS and Science Act, which President Joe Biden signed into law in 2022 with the goal of reviving the production of advanced computer chips domestically. “The proposed project will propel Texas into a state of the art semiconductor ecosystem,” Commerce Secretary Gina Raimondo said on a call with reporters. “It puts us on track to hit our goal of producing 20% of the world’s leading edge chips in the United States by the end of the decade.” |
Don't waste you money on antiACWF Launches Campaign to Salute Women Role Models in AntiACWF Holds Forum to Share Women's Efforts, Achievements in Battle Against PovertyPic Story: Illiterate Granny Becomes Writer in Twilight YearsACWF Calls for Building Green Families OnlineAsian Winter Games to bring new development opportunities to Harbin20 Women Model Medical Workers in AntiACWF Releases Posters to Publicize AntiACWF's Suggestions and Proposals Focus on Needs of Women, ChildrenDon't waste you money on anti