Samsung Electronics had a rough 2023. Operating profit for the full year hovered just above $6.5 trillion won ($4.8 billion). That’s an 85% decline from 2022, the company’s poorest showing since the ...

CHIPS Act incentive: $6.4 billion in federal grants Project investment: $45 billion Project size: 1,268 acres Project scope: ...

What’s also interesting is that Samsung’s investment decision came soon after South Korea announced that it would invest 9.4 trillion won ($6.4 billion) in AI by 2027 to boost its ...

(MENAFN) Samsung's recent announcement of a USD40 billion investment in the Texas chip industry signals a significant step towards bolstering the United States' capability to produce cutting-edge ...

Samsung "is expected to invest more than $40 billion in the region in the coming years, and the proposed investment would support the creation of over 20,000 jobs," it said. Chips are crucial in ...

April 15 (Reuters) - The Biden administration will award up to $6.4 billion in grants to South Korea's Samsung (005930.KS) , opens new tab to expand its chip production in central Texas as part of ...

The US government will give Samsung up to $6.4 billion in direct funding to boost their chip production in Texas, the Commerce Department said Monday. In return, the South Korean tech giant will ...

Intel anticipates its investments will surpass $100 billion over the next five years. The proposed investment to Samsung is planned for two separate locations in Central Texas. In Taylor ...

Samsung "is expected to invest more than $40 billion in the region in the coming years, and the proposed investment would support the creation of over 20,000 jobs," it added. Currently ...

"This announcement will unleash over $40 billion in investment from Samsung, and cement Central Texas’s role as a state-of-the-art semiconductor ecosystem, creating at least 21,500 jobs and ...

Samsung, which is the world’s largest maker of memory chips and smartphones, “is expected to invest more than US$40 billion in the region in the coming years, and the proposed investment would ...