Posted 4/15/2024, 12:57:00 PM
Biden Administration Strikes $6.4 Billion Deal with Samsung to Manufacture Semiconductor Chips in Texas
- Biden administration announces $6.4B preliminary deal with Samsung to manufacture chips in Texas
- Deal expected to generate over 20,000 jobs in construction and manufacturing
- Investments will expand Samsung facility in Austin and build new facilities in Taylor
- Chips manufactured expected to be used in aerospace, defense, automotive industries
- Deal part of Biden's push to increase domestic chip production under the CHIPS Act
