12.2024 Stock exchange Pension Agency has invested ₾842 million in shares -? 12:06 - 10.02.2024 BlackRock BlackRock and Citadel want to create a stock exchange in Texas 00:42 - 06.06.2024 Samsung and Texas Instruments to receive $6 billion under the "Chip Act" Joe Biden Giorgi Aronia 25.12.24 10:00 • 552 Joe Biden continues to negotiate tax breaks for technology companies under the “Chips Act.
” This time, the president’s administration has awarded two corporations, Korean Samsung and American Texas Instruments, which will invest tens of billions of dollars in the country’s economy in total, for which they italy fax data will receive $6 billion from the budget. According to the US Department of Commerce, the largest portion of the grant, namely $4.75 billion, will go to Samsung, which will build several new microchip factories in Texas and expand its existing factory in Austin, for a total investment of $37 billion.
According to the original plan, the Korean company was to receive $6.4 billion, but Samsung reduced the plans in order to optimize the budget. Along with Korea's Samsung, the US government has also granted direct budget support to Texas Instruments. The semiconductor manufacturer is also based in Texas, where it plans to invest $18 billion, for which it will receive $1.
what are the returns on this investment
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