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April 16, 2024 12:30 pm GMT

Samsung secures $6.4 billion grant for US chip investments

The US government will award Samsung up to $6.4 billion in grants for its chip investments in the country. The funding comes under the CHIPS and Science Act and was announced by the Commerce Department on Monday. The Korean firm also plans to claim an investment tax credit from the US Treasury Department. The Biden [...]

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The post Samsung secures $6.4 billion grant for US chip investments appeared first on Android Headlines.


Original Link: https://www.androidheadlines.com/2024/04/samsung-secures-6-billion-dollars-grant-us-chip-investments.html

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