Samsung gets US$6.4 billion from CHIPS Act, promises to bring HBM and advanced packaging to Texas

Digitimes
Apr 15, 2024, 5:55 am115 pts
The US Department of Commerce (DOC) and Samsung Electronics signed a non-binding preliminary memorandum of terms (PMT) on April 15 to provide up to US$6.4 billion in direct funding under the CHIPS and Science Act. Samsung is expected to invest more than $40 billion in central Texas in the coming years,…

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