U.S. approves $6.355 billion to boost semiconductor production by Samsung and Texas Instruments.

The U.S. Commerce Department has approved a $4.745 billion investment for Samsung Electronics and $1.61 billion for Texas Instruments to boost semiconductor production in the U.S., aiming to reduce reliance on foreign chipmakers and strengthen domestic tech capabilities. These investments, part of a $39 billion subsidy program, are expected to create thousands of jobs and bolster the U.S. semiconductor industry amid global competition, particularly with China. Samsung's funding has been reduced from an initially planned $6.4 billion due to revised investment plans.

3 months ago
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