Samsung is set to expand its semiconductor manufacturing capabilities in Texas with a $6.4 billion grant from the U.S. government. This funding, provided under the 2022 Chips and Science Act, underscores a significant effort to strengthen domestic chip production, particularly for the automotive, aerospace, and defense sectors. These sectors are considered crucial for national security, as per unnamed administration sources in a Reuters report from April 15. Commerce Secretary Gina Raimondo highlighted the grant’s role in enhancing U.S. competitiveness in various facets of semiconductor production. “These grants will allow the U.S. to once again lead the world, not just in
Biden Softens Stance on Cryptocurrency
