Commerce Dept.: Biden-Harris Administration Announces Preliminary Terms With Samsung Electronics to Establish Leading-Edge Semiconductor Ecosystem in Central Texas
April 16, 2024
April 16, 2024
WASHINGTON, April 16 -- The U.S. Department of Commerce issued the following news release on April 15, 2024:
Today, the Biden-Harris Administration announced that the U.S. Department of Commerce and Samsung Electronics (Samsung) have signed a non-binding preliminary memorandum of terms (PMT) to provide up to $6.4 billion in direct funding under the CHIPS and Science Act to strengthen the resilience of the U.S. semiconductor supply chain, advance U.S. technology leadership, and fuel . . .
Today, the Biden-Harris Administration announced that the U.S. Department of Commerce and Samsung Electronics (Samsung) have signed a non-binding preliminary memorandum of terms (PMT) to provide up to $6.4 billion in direct funding under the CHIPS and Science Act to strengthen the resilience of the U.S. semiconductor supply chain, advance U.S. technology leadership, and fuel . . .