US finalizes up to $4.75 Billion in chips awards for Samsung

US Finalizes Up to $4.75 Billion in Chips Awards for Samsung

On Friday, 20th December 2024, the United States Department of Commerce announced its finalized award of up to $4.75 billion for Samsung. This funding comes under the CHIPS (Creating Helpful Incentives to Produce Semiconductors) Act, a program designed to revitalize semiconductor production in the US. A Strategic Initiative to Reduce Dependence on Foreign Manufacturers The…

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