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The US finalizes CHIPS Act funding for Samsung and Texas Instruments
Samsung and Texas Instruments will receive over $6 billion combined for US chip manufacturing.
The US Commerce Department has awarded Samsung and Texas Instruments with a combined over $6 billion in “direct funding under the CHIPS Incentives Program’s Funding Opportunity for Commercial Fabrication,” according to a pair of announcements published on Friday. All three awards were announced earlier this year, with Samsung first in April, and they join other CHIPS Act funding grants given to companies like Micron, Intel, and TSMC. And their finalizations come with just under a month to go before Donald Trump, who has criticized the CHIPS Act, assumes the US Presidency on January 20th.
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