Samsung also plans to invest up to $45 billion in the expansion of its Texas facility, by the end of the decade.
The South Korean manufacturing conglomerate also plans to invest up to $45 billion in expanding its Texas facility by the end of the decade.
The South Korean manufacturing conglomerate secured the grants in a broader effort to expand chip manufacturing in the U.S. The grants will support two production facilities, including a research center and a packaging facility, while also allowing Samsung to expand its semiconductor manufacturing facility in Austin, Texas, said Commerce Secretary Gina Raimondo.
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