Samsung to receive $6.6 billion CHIPS Act subsidy, industry sources claim
A few days ago, we reported thatSamsung’s investment in Taylor, Texas increased to around $44 billion. Thanks toan additional Reuters report, we now know that a large U.S. government subsidy also seems to be supporting that venture. In exchange for Samsung’s more-than-doubling its U.S. investment to $44 million, the government will reward the company with a $6.6 billion subsidy. At least, according to Reuter’s sources, who remain undisclosed. When Reuters reached out to the Commerce Department and Samsung to confirm details of the story, both parties declined to comment....