Global Trade Alert
Global Trade Alert

United States of America: US Administration announces approximately USD 6.4 billion in funding to Samsung Electronics to support the domestic production of semiconductors

Announcement

15 Apr 2024

In April 2024, the U.S. Department of Commerce announced a preliminary agreement with Samsung Electronics to provide up to USD 6.4 billion in funding under the CHIPS and Science Act to establish a semiconductor manufacturing ecosystem in Central Texas.

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