Biden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas

📆 4/15/2024 9:22 AM
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Gina Raimondo,Washington News,Joe Biden

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 White House is seen as dusk falls, Sunday, April 14, 2024, in Washington. –

, 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.

Samsung's cluster in Taylor, Texas, would include two factories that would make four- and two-nanometer chips. Also, there would be a factory dedicated to research and development, as well as a facility for the packaging that surrounds chip components.

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