Biden administration agrees to provide $6.4 billion to Samsung for making computer chips 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.
As a Texan, who the fuck knows? Definitely wasn't decided by plebiscite. I mean, seriously, a bullet train to Dallas?
A bullet to Dallas, call it the Kennedy Express
Couldn't call it that, Kennedy was a Democrat.
They'd name it Oswald's magic bullet.
Can’t name it after a Democrat better name it after a communist instead
Like you aren’t wrong about this but also
It's Texas, the chances they know more about Oswald than he shot Kennedy are pretty low. At the rate they're going communism won't even be in the text book