Moneycontrol PRO
Outskill Genai
X

business

U.S. Plans $6 Billion Subsidy For Samsung To Boost Production In Texas

The U.S. is set to announce a subsidy exceeding $6 billion to aid Samsung's expansion in Texas. The move, part of efforts to strengthen domestic semiconductor production, will see Samsung doubling its U.S. investment to over $44 billion. This follows similar initiatives aimed at reducing reliance on foreign chip supply. Watch for details!

first published: Apr 9, 2024 06:18 pm

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347