Current location:Global Gazetteer news portal > opinions
Biden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
Global Gazetteer news portal2024-05-22 10:01:40【opinions】5People have gathered around
IntroductionWASHINGTON (AP) — The Biden administration has reached an agreement to provide up to $6.4 billion in
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.”
Address of this article:http://malawi.fivesixgroup.com/article-54e199899.html
Very good!(42)
Related articles
- UK court rules that extension of UK police powers to intervene in protests is unlawful
- Mexican families searching for missing relatives unite to draw attention to their plight
- China's amended criminal law strengthens punishment for bribers, graft in private firms
- The 10 WORST lyrics in Taylor Swift's new album
- Proposed $2.77 billion settlement clears first step of NCAA approval with no change to finance plan
- Senate passes reauthorization of key US surveillance program
- Explainer: What do new productive forces mean?
- Africa Energy Indaba highlights prospects of South Africa
- The bodies of 4 men and 2 women were found strangled, piled up in Mexican resort of Acapulco
- Travis Scott anxious to break 0
Popular articles
- State Supreme Court and Republican congressional primary elections top Georgia ballots
- Jake Gyllenhaal's Apple TV+ miniseries Presumed Innocent tops high
- The Rolling Stones' US tour 'set to feature iconic popstar after setlist leak'
- Hush money trial: Trump forced to listen silently to people insulting him
Recommended
Kansas takes control in the ninth and beats Kansas State in the opener of the Big 12 Tournament
Taylor Swift's The Tortured Poets Department behind
Panama Papers trial's public portion comes to an unexpectedly speedy end
Verstappen takes pole for Chinese GP to extend F1 dominance. Hamilton 18th
Australia's deputy prime minister pledges support to Solomon Islands during visit to Honiara
Jersey Shore: Family Vacation: Sammi 'Sweetheart' Giancola and ex
Emily DiDonato shows off the results of her 25
House on the brink of approving Ukraine and Israel aid after long struggle
Links
- 'An amazing opportunity'
- 60 migrants die in dinghy in Mediterranean, survivors say
- University enrolments drop at Otago, rise at Waikato
- 'An amazing opportunity'
- Threat of fire increasing concern for Christchurch Adventure Park
- Public Private Partnerships for flood protection would only add to costs
- Biden says he expects Iran to attack Israel soon, warns: 'Don't'
- Biden says he expects Iran to attack Israel soon, warns: 'Don't'
- New Auckland surgical building cannot open due to lack of staff
- Impossible decisions and the job he never got to do