Biden admin deal will give $6.4 billion to Samsung to boost chip production
By Lauren Taylor (Anchor), William Jackson (Producer), Jonah Applegarth (Video Editor)
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Biden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
Click to see story on The IndependentBiden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
Click to see story on Associated Press NewsBiden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
Click to see story on abc NewsSamsung gets $6.4 billion to build massive semiconductor plants in central Texas
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Click to see story on KRDOBiden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
Click to see story on KIFIUS grants Samsung up to US$6.4 billion to make advanced chips in Texas
Click to see story on South China Morning PostBiden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
Click to see story on KVIABiden administration agrees to provide billions to Samsung to expand chip manufacturing in Texas
Click to see story on The HillBiden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
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Click to see story on KOB 4Samsung wins $6.4 billion CHIPS grant for Texas project. Is Micron next?
Click to see story on Syracuse NYSamsung awarded $6.4 billion in U.S. grants for Texas chip facilities
Click to see story on Kyodo News+Biden admin. to provide $6.4B to Samsung for making computer chips in Texas
Click to see story on NY1Samsung gets $6.4 billion to build massive semiconductor plants in central Texas
Click to see story on OPBWhite House giving Samsung $6.4 billion to boost US chip production
Click to see story on Scripps NewsSamsung will get $6.4 billion in U.S. funding for chipmaking facilities in Texas
Click to see story on QuartzSamsung receives $6.4 billion in CHIPS grants, will boost production in Texas
Click to see story on Tech SpotBiden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
Click to see story on Financial PostSamsung ramps up U.S. chip investment to $45bn with $6.4bn grant
Click to see story on NikkeiUS confirms $6.4 billion chip subsidy for Samsung
Click to see story on The Korea HeraldBiden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
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Samsung Electronics receives US$ 6.4 billion for chip factories in Texas
Click to see story on GloboBiden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
Click to see story on My Mother LodeBiden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
Click to see story on Airdrie City ViewFrom the US 6.4 billion to Samsung for the production of chips
Click to see story on Quotidiano NazionaleUS funds Samsung with 6.4 billion USD to increase chip production in Texas.
Click to see story on Thanh NiênBiden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas – The Morning Sun
Click to see story on Morning SunUS to award Samsung $6.4 billion in grants for Texas chip production complex
Click to see story on Blue Water Healthy LivingA new partnership between the U.S. Department of Commerce and South Korea’s Samsung Electronics was announced Monday, April 15. The collaboration aims to position the U.S. as a global leader in semiconductor technology.
The agreement includes up to $6.4 billion in federal grants and an additional $40 billion from Samsung. The funds will be used to expand chip production in the Austin, Texas, region.
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The project will focus on advanced manufacturing, packaging, and research. Samsung’s new plants in Taylor, Texas, will produce the most advanced chips in the world. Additionally, the initiative will expand Samsung’s facilities to support the aerospace, defense and automotive industries.
The move comes as Samsung overtakes Apple as the world’s top smartphone seller, a change driven by Apple’s declining sales in China and competition from other phone companies like Huawei.
President Joe Biden described this initiative as a response to supply chain vulnerabilities, noting concerns from lawmakers about the U.S.’ reliance on chips made in Taiwan, given China’s territorial claims on the island and its threat to force reunification.
“This announcement will unleash over $40 billion in investment from Samsung, and cement central Texas’s role as a state-of-the-art semiconductor ecosystem,” Biden said. “It will create at least 21,500 jobs and leverage up to $40 million in CHIPS funding to train and develop the local workforce.”
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U.S. Secretary of Commerce Gina Raimondo said investments like this one are designed to help create thousands of jobs to fuel the industry.
“The chips that Samsung will be making in Texas are important components to our most advanced technologies, from artificial intelligence to high-performance computing and 5G communications,” Raimondo said.
Last week, the Commerce Department announced similar grants for TSMC’s new plant in Phoenix, and for U.S. chipmaker Intel in Santa Clara, California.
Samsung expects the new plant to start production in 2026 and aims to manufacture 20% of the world’s logic chips by 2030.
[LAUREN TAYLOR]
A NEW PARTNERSHIP BETWEEN THE U.S. DEPARTMENT OF COMMERCE AND SOUTH KOREA’S SAMSUNG ELECTRONICS, ANNOUNCED MONDAY, AIMS TO POSITION THE U.S. AS A GLOBAL LEADER IN SEMICONDUCTOR TECHNOLOGY.
THIS AGREEMENT INCLUDES UP TO 6.4 BILLION DOLLARS IN FEDERAL GRANTS AND AN ADDITIONAL 40 BILLION DOLLARS FROM SAMSUNG.
THE MONEY WILL BE USED TO EXPAND CHIP PRODUCTION IN THE AUSTIN, TEXAS, REGION.
THE PROJECT WILL FOCUS ON ADVANCED MANUFACTURING, PACKAGING, AND RESEARCH, WITH SAMSUNG’S NEW PLANTS IN TAYLOR, TEXAS, PRODUCING THE MOST ADVANCED CHIPS IN THE WORLD.
ADDITIONALLY, IT WILL EXPAND SAMSUNG’S FACILITIES TO SUPPORT AEROSPACE, DEFENSE, AND AUTOMOTIVE INDUSTRIES.
THE MOVE COMES AS SAMSUNG OVERTAKES APPLE AS THE WORLD’S TOP SMARTPHONE SELLER, A CHANGE DRIVEN BY APPLE’S DECLINING SALES IN CHINA AND RIVAL PHONE COMPANIES LIKE HUAWEI COMPETING FOR MARKET SHARE.
PRESIDENT BIDEN DESCRIBED THIS INITIATIVE AS A RESPONSE TO SUPPLY CHAIN VULNERABILITIES — NOTING CONCERNS FROM LAWMAKERS ABOUT THE U.S.’S RELIANCE ON CHIPS MADE IN TAIWAN, GIVEN CHINA’S TERRITORIAL CLAIMS ON THE ISLAND AND ITS THREAT TO FORCE REUNIFICATION.
“This announcement will unleash over $40 billion dollars in investment from Samsung, and cement central Texas’s role as a state-of-the-art semiconductor ecosystem, creating at least 21-thousand 5-hundred jobs and leveraging up to $40 million dollars in CHIPS funding — to train and develop the local workforce.” said president biden.
IN A STATEMENT, THE U.S. SECRETARY OF COMMERCE SAID INVESTMENTS LIKE THIS ONE ARE DESIGNED TO HELP CREATE THOUSANDS OF JOBS TO FUEL THE INDUSTRY:
“The chips that Samsung will be making in Texas are important components to our most advanced technologies, from artificial intelligence to high-performance computing and 5G communications.”
LAST WEEK, THE COMMERCE DEPARTMENT ANNOUNCED SIMILAR GRANTS FOR T-S-M-C’S NEW PLANT IN PHOENIX, AND FOR U.S. CHIPMAKER INTEL IN SANTA CLARA, CALIFORNIA.
SAMSUNG EXPECTS THE NEW PLANT TO START PRODUCTION IN 2026 AND AIMS TO MANUFACTURE 20 PERCENT OF THE WORLD’S LOGIC CHIPS BY 2030.
Media Landscape
See who else is reporting on this story and which side of the political spectrum they lean. To read other sources, click on the plus signs below. Learn more about this dataBias Distribution
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Biden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
Click to see story on The IndependentBiden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
Click to see story on Associated Press NewsBiden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
Click to see story on abc NewsSamsung gets $6.4 billion to build massive semiconductor plants in central Texas
Click to see story on nprBiden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
Click to see story on Coast ReporterBiden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
Click to see story on Sask TodayBiden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
Click to see story on Flin Flon ReminderBiden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
Click to see story on Star TribuneBiden admin agrees to provide $6.4B to Samsung
Click to see story on InquirerBiden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
Click to see story on San Antonio Express-NewsBiden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
Click to see story on KRDOBiden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
Click to see story on KIFIUS grants Samsung up to US$6.4 billion to make advanced chips in Texas
Click to see story on South China Morning PostBiden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
Click to see story on KVIABiden administration agrees to provide billions to Samsung to expand chip manufacturing in Texas
Click to see story on The HillBiden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
Click to see story on Washington Top NewsBiden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
Click to see story on WPLGBiden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
Click to see story on News 4 JAXBiden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
Click to see story on WKMGBiden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
Click to see story on Click on DetroitBiden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
Click to see story on KOB 4Samsung wins $6.4 billion CHIPS grant for Texas project. Is Micron next?
Click to see story on Syracuse NYSamsung awarded $6.4 billion in U.S. grants for Texas chip facilities
Click to see story on Kyodo News+Biden admin. to provide $6.4B to Samsung for making computer chips in Texas
Click to see story on NY1Samsung gets $6.4 billion to build massive semiconductor plants in central Texas
Click to see story on OPBWhite House giving Samsung $6.4 billion to boost US chip production
Click to see story on Scripps NewsSamsung will get $6.4 billion in U.S. funding for chipmaking facilities in Texas
Click to see story on QuartzSamsung receives $6.4 billion in CHIPS grants, will boost production in Texas
Click to see story on Tech SpotBiden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
Click to see story on Financial PostSamsung ramps up U.S. chip investment to $45bn with $6.4bn grant
Click to see story on NikkeiUS confirms $6.4 billion chip subsidy for Samsung
Click to see story on The Korea HeraldBiden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
Click to see story on Odessa AmericanRight
Untracked Bias
Samsung Electronics receives US$ 6.4 billion for chip factories in Texas
Click to see story on GloboBiden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
Click to see story on My Mother LodeBiden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
Click to see story on Airdrie City ViewFrom the US 6.4 billion to Samsung for the production of chips
Click to see story on Quotidiano NazionaleUS funds Samsung with 6.4 billion USD to increase chip production in Texas.
Click to see story on Thanh NiênBiden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas – The Morning Sun
Click to see story on Morning SunUS to award Samsung $6.4 billion in grants for Texas chip production complex
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