The Biden administration has reached an agreement to provide up to $6.4 billion in direct funding for Samsung Electronics to develop a computer chip manufacturing and research cluster in Texas.

The Biden administration has reached an agreement to provide up to $6.4 billion in direct funding for Samsung Electronics to develop a computer chip manufacturing and research cluster in Texas.

The funding announced Monday by the Commerce Department is part of a total investment in the cluster that, with private money, is expected to exceed $40 billion. The government support comes from the CHIPS and Science Act, which President Joe Biden signed into law in 2022 with the goal of reviving the production of advanced computer chips domestically.

“The proposed project will propel Texas into a state of the art semiconductor ecosystem,” Commerce Secretary Gina Raimondo said on a call with reporters. “It puts us on track to hit our goal of producing 20% of the world’s leading edge chips in the United States by the end of the decade.”

Raimondo said she expects the project will create at least 17,000 construction jobs and more than 4,500 manufacturing jobs.

  • Woozythebear
    42·
    6 months ago

    I’m not even a liberal or a Democrat voter lol, has nothing to do with red state or blue state but you outted yourself as some dumb fucking MAGA chud.

    • hakaseEnglish
      13·
      6 months ago

      Yup, I’m so outed by my… citing mainstream sources supporting completely uncontroversial and widely accepted facts, which “MAGA chuds” are well known to do, of course. rolls eyes

      Y’all really need to chill on the tribalism bullshit here for a second or so, hey?

      • Woozythebear
        32·
        6 months ago

        I mean you the one lying trying to make Texas out to be something it absolutely is not.