US finalises up to $6.75 billion in chips awards for Samsung, Texas Instruments, Amkor

The US Commerce Department said on Friday it was finalising an award of up to $4.745 billion to South Korea’s Samsung Electronics and up to $1.61 billion for Texas Instruments to expand chip production.

The department also finalised an award of up to $407 million to help fund Amkor Technology’s planned $2 billion advanced semiconductor packaging facility in Arizona, which is set to be the largest of its kind in the U.S.