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US to grant Samsung up to $6.4 billion for chip plants

IndiaTimes Monday, 15 April 2024 ()
The United States on Monday announced grants of up to $6.4 billion to South Korean semiconductor giant Samsung to produce cutting-edge chips in Texas. Under the latest agreement, Samsung will not only build a new facility to produce advanced chips, but also expand its existing facility in Texas, according to the Department of Commerce.
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