Samsung close to securing $6 billion grant for chip plant in Texas

According to a new report from Reuters, Samsung may soon receive a $6 billion grant from the US government to expand its chip manufacturing plant in the state.

The new grant will be part of the CHIPS and Science Act, which authorizes $280 billion in funding to boost semiconductor research and manufacturing in the United States.

Samsung is currently producing its chip producing plant in Texas Tailler, which is expected to launch with 2,000 employees later this year.

The fab was expected to spend about 17 billion spent initially spent, but according to the latest estimate, the costs were reported to have risen to $ 25 billion.

In Austin, Texas, there is already a chip producing plant in Samsung, which makes it proud of its semiconductor headquarters.

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