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US To Grant Samsung Up To $6.4 Bn For Chip Plants

Samsung United States Semiconductor Texas Joe Biden The United States the Department of Commerce

South Korean semiconductor giant Samsung will build a new chip facility in Texas and expand its existing one, according the agreement (Credit: AFP)

The United States on Monday announced grants of up to $6.4 billion to South Korean semiconductor giant Samsung to produce cutting-edge chips in Texas.

The award is the latest from the US government as it looks to revive the country's chip manufacturing industry, especially high-end semiconductors.

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