The Biden administration has reached an agreement to provide up to $6.4 billion in direct funding for Samsung Electronics to develop a computer chip manufacturing and research cluster in Texas.

The funding announced Monday by the Commerce Department is part of a total investment in the cluster that, with private money, is expected to exceed $40 billion. The government support comes from the CHIPS and Science Act, which President Joe Biden signed into law in 2022 with the goal of reviving the production of advanced computer chips domestically.

“The proposed project will propel Texas into a state of the art semiconductor ecosystem,” Commerce Secretary Gina Raimondo said on a call with reporters. “It puts us on track to hit our goal of producing 20% of the world’s leading edge chips in the United States by the end of the decade.”

Raimondo said she expects the project will create at least 17,000 construction jobs and more than 4,500 manufacturing jobs.

  • @Woozythebear
    link
    -38 months ago

    Lol na, not a chance. Liberals who typically vote are middle class and if they could afford to leave Texas then they have. What’s left is poor democrats who can’t leave but don’t typically vote and if they do vote it’s for people like Bernie. They see Biden as Capitalist who couldn’t give a fuck about them so fat chance they are taking off work to vote for him.

    To turn texas blue you would need an extremely progressive candidate and even Bernie wasn’t progressive enough.