{"id":213676,"date":"2024-03-15T12:05:59","date_gmt":"2024-03-15T12:05:59","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/03\/15\/samsung-close-to-securing-6-billion-grant-for-chip-plant-in-texas\/"},"modified":"2025-06-25T17:20:35","modified_gmt":"2025-06-25T17:20:35","slug":"samsung-close-to-securing-6-billion-grant-for-chip-plant-in-texas","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/03\/15\/samsung-close-to-securing-6-billion-grant-for-chip-plant-in-texas\/","title":{"rendered":"Samsung close to securing $6 billion grant for chip plant in Texas"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div id=\"review-body\">\n<p>According to a new report from <i>Reuters<\/i>, Samsung may soon receive a $6 billion grant from the US government to expand its chip-making factories stateside. The new grant will be part of the <a href=\"https:\/\/en.wikipedia.org\/wiki\/CHIPS_and_Science_Act#:~:text=The%20act%20includes%20%2439%20billion,chain%20resilience%20and%20countering%20China\" target=\"_blank\" rel=\"noopener noreferrer\">CHIPS and Science Act<\/a> which authorizes over $280 billion in funding to boost semiconductor research and manufacturing in the US.<\/p>\n<p class=\"image-row clearfix\">&#13;<br \/>\n<a onclick=\"javascript:ShowImg2(&quot;news\/24\/03\/samsung-6-billion-grant-us-chip-factory\/inline\/-1200x900m\/gsmarena_003.jpg&quot;);return false\" href=\"#\"><img fetchpriority=\"high\" decoding=\"async\" alt=\"Samsung new chip plant site in Taylor, Texas\" width=\"660\" height=\"440\" src=\"https:\/\/fdn.gsmarena.com\/imgroot\/news\/24\/03\/samsung-6-billion-grant-us-chip-factory\/inline\/-660\/gsmarena_003.jpg\"\/><\/a>&#13;<br \/>\n<br \/><span><strong>Samsung new chip plant site in Taylor, Texas<\/strong><\/span><\/p>\n<p>Samsung is <a href=\"https:\/\/www.gsmarena.com\/samsung_announces_its_chip_factory_in_taylor_texas-news-51980.php\">currently<\/a> building its chip manufacturing plant in Taylor, Texas which is expected to be operational later this year with 2,000 employees. The fab was initially expected to cost around $17 billion but costs have reportedly risen above $25 billion as per the latest estimates. Samsung already has a chip manufacturing plant in Austin, Texas where it also boasts its semiconductor headquarters.<\/p>\n<p class=\"article-source\"><a href=\"https:\/\/www.reuters.com\/technology\/samsung-poised-win-over-6-bln-us-expanded-investment-bloomberg-news-reports-2024-03-15\/\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/p>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.gsmarena.com\/samsung_close_to_securing_6_billion_grant_for_chip_plant_in_texas-news-62020.php\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] According to a new report from Reuters, Samsung may soon receive a $6 billion grant from the US government to expand its chip-making factories<\/p>\n","protected":false},"author":1,"featured_media":213677,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[165],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/213676"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=213676"}],"version-history":[{"count":3,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/213676\/revisions"}],"predecessor-version":[{"id":337446,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/213676\/revisions\/337446"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/213677"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=213676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=213676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=213676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}