Following extensive talks, two more firms besides Intel and TSMC will get tax funds for new US chip factories. They are already under construction.

Find out how new CHIPS Act incentive awards will support the government's effort to grow domestic semiconductor manufacturing.

Samsung is using the $4.745 billion in funding to support three fabs in Taylor and the expansion of the company's Austin facility.

The awards will be given out based on the companies' completion of project milestones, the Department of Commerce said.

Samsung Electronics and Texas Instruments completed final agreements to get billions of dollars of government support for new semiconductor plants in the US, cementing a major piece of the Biden administration’s Chips Act initiative.

The U.S. Commerce Department on Friday announced that it was finalising an award of up to $1.61 billion for Texas Instruments to boost chip production and up to $4.745 billion for Samsung Electronics of South Korea.

WASHINGTON (Reuters) -The U.S. Commerce Department said on Friday it was finalizing an award of up to $4.745 billion to South Korea's Samsung Electronics and up to $1.61 billion for Texas Instruments to expand chips production.

ASUS is teasing a new ROG Strix gaming laptop that appears to be loaded with RGB. The company is set to unveil this new laptop at CES 2025, and judging

Summary Samsung and Texas Instruments secured billions in US government support under the CHIPS Act to boost domestic semiconductor production. Samsung will receive $4.75 billion, while Texas Instruments gets $1.

The US Commerce Department has awarded nearly $6.75 billion dollars to Samsung, Texas Instruments, and Amkor to expand chip production.

President Joe Biden's administration said Friday that it has cemented deals for billions in funding to South Korean semiconductor giant Samsung Electronics and Texas Instruments to boost their chipmaking facilities in the United States.