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Samsung, Texas Instruments Finalize Chips Act Awards Deals

Samsung Electronics Co. and Texas Instruments Inc. completed final agreements to get billions of dollars of government support for new semiconductor plants in the US, cementing a major piece of the Biden administration’s Chips Act initiative. Under binding agreements unveiled Friday, Samsung will get as much as $4.75 billion in funding and Texas Instruments stands to receive $1.6 billion — money that will help them build facilities in Texas and Utah. The final deals mean the chipmakers can begin...

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