The world's biggest memory-chip maker is set to unveil a $44 billion project in Texas, notching another win for U.S. semiconductor production
Gina Raimondo,China,Texas,Commerce,Asia
Samsung Electronics Co. is preparing to take the wraps off a $44 billion investment in US chipmaking as soon as next week, a signature project in Washington’s broader effort to bring semiconductor production back to America. The world’s biggest memory-chip maker plans to outline the project in Taylor, Texas, alongside Commerce Secretary Gina Raimondo, according to people familiar with the matter. It’s secured more than $6 billion of US government grants for an investment outlay that’s expanded significantly to a total of $44 billion over multiple years, the people said....
Related Coverage
AllSides Picks
Headline Roundup
Americans Spend More on Taxes Than Housing and Food, Data Shows
August 7th, 2026
Headline Roundup
Scientists Use AI to Design New Viruses, Raising Hope and Biosecurity Concerns
August 7th, 2026
The Insight
The Insight: What We Learned From the Fauci Hearing
AllSides Staff
August 7th, 2026
Story of the Week
El-Sayed Wins Michigan Democratic Primary
AllSides Staff
August 6th, 2026