Following extensive talks, two more firms besides Intel and TSMC will get tax funds for new US chip factories. They are already under construction.

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.

The U.S. Commerce Department finalized awards worth billions to major semiconductor companies to expand chip production, including Samsung Electronics, Texas Instruments, and Amkor Technology, in order to boost U.

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.

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 announced significant financial awards to Samsung Electronics and Texas Instruments to enhance semiconductor production. Samsung will receive up to $4.745 billion, a reduction from a preliminary $6.

In a windfall of federal CHIPS Act money, Texas Instruments announced it's drawing up to $1.6 billion for its semiconductor business.

The US Commerce Department has finalized $6.75 billion in chips funding, granting billions to Samsung, Texas Instruments, and Amkor in a major push to secure domestic semiconductor leadership. Samsung Secures Largest