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U.S. gives Samsung $6.4 billion to build new chip factories in Texas
The subsidy is the latest wave of funding in the Biden administration’s ongoing efforts to bring advanced computer chip-making capacity back to the U.S.
Samsung will also build an “advanced packaging” facility — a specialized factory that puts together different chips and electronic components to make them ready to go into cars, planes, phones and thousands of other machines and devices. TSMC makes the vast majority of the world’s most advanced chips in Taiwan, raising concerns that if China invades or increases its influence over the island, the United States could be cut off from a technology that has become crucial for every industry, as well as the U.S. military. The artificial intelligence boom, which demands the most advanced chips to train and run AI algorithms, has only added more urgency to calls from industry and national security leaders to expand U.S. chip-making capacity.
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