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International Business Times
International Business Times
Business
AFP News

US Confirms Billions In Chips Funds To Samsung, Texas Instruments

Samsung Electronics has earned a hefty US government grant to boost their chipmaking facilities in the United States (Credit: AFP)

President Joe Biden's administration said Friday that it has cemented deals for billions in funding to South Korean semiconductor giant Samsung Electronics and Texas Instruments to boost their chipmaking facilities in the United States.

US officials have been working to solidify Biden's legacy to bolster domestic semiconductor manufacturing ahead of President-elect Donald Trump's White House return -- and these agreements are among the latest efforts to do so.

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