Samsung is set to receive a substantial subsidy of $6-7 billion for its chip manufacturing expansion in Texas, according to sources familiar with the matter. The South Korean tech giant's plans for the expansion have been met with anticipation and support from various stakeholders.
The subsidy, which is expected to be officially announced next week, is aimed at bolstering Samsung's efforts to increase its semiconductor production capacity in the United States. This move comes as part of a broader strategy to address the global chip shortage that has impacted various industries.
