US Commerce Dept. grants Samsung $6.4 billion for Texas chip plants

Voice of America

Monday, April 15, 2024 02:31:07 PM UTC

FILE - The logo of Samsung Electronics is seen at its office building in Seoul, South Korea, March 23, 2018.

The U.S. Commerce Department announced Monday $6.4 billion in grants to the South Korea-based Samsung electronics company to help fund a new chip-manufacturing hub in Taylor, Texas, and to expand an existing facility in nearby Austin.

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