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.

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 chip production.

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.

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.

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.

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

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.

Tis' the season to build a PC - just before the New Year. Let James soothe you today with a build he did for Christmas - featuring a 5950X and 3080 Ti. Merry Christmas and a Happy New Year from the team at KitGuru.

The Biden administration finalized a $4.745B grant for South Korea's Samsung (SSNLF) as part of the $53B CHIPs Act on Friday. Read for more.

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