Biden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
Biden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
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 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.
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I mean you are just factually wrong about Texas being the most valuable and important state. Come talk to me when Texas is the is the 5th largest economy in the world like California. Come talk to me when Texas isn't violating human rights.
Texas isn't valuable or important and is on the verge of collapse as people are moving out in droves.
"Sorry I didn't circlejerk" they sniff with superiority as they bravely parrot "blue state good, red state bad" in News@lemmy.world. Yet again, however, this conversation isn't about which state is good and which state is bad - it's about which is more important and valuable, and in both cases, the clear answer is Texas.
You're correct that it's not currently the largest state economy (Texas would be the 8th largest economy in the world), but you're ignoring the fact that Texas's economy and population is growing much faster than California's (whose population is currently shrinking), which is the relevant metric here, fueled by its natural resource wealth, strategic position, and appealing location for both public and private investment. In the long term, Texas is currently significantly more valuable than California is, and is on track to eclipse its sister state in both economic size and population in the next decade or so.
That has nothing to do with whether this is a good thing or not, of course, but it is a demonstrable fact.
Come talk to me when Texas isn’t violating human rights.
Come talk to me when you can separate your performative moral outrage from a conversation it's not even relevant to.
Texas isn’t valuable or important and is on the verge of collapse as people are moving out in droves.
Unfortunately, you being real, real mad at the big meanie red state doesn't change the fact that Texas is seeing an economic and population boom that hasn't been seen in the US in decades. And while it's certainly possible that their deeply unpopular policies may inhibit this growth somewhat, that hasn't been borne out by the data (yet).
I'm not even a liberal or a Democrat voter lol, has nothing to do with red state or blue state but you outted yourself as some dumb fucking MAGA chud.
Yup, I'm so outed by my... citing mainstream sources supporting completely uncontroversial and widely accepted facts, which "MAGA chuds" are well known to do, of course. rolls eyes
Y'all really need to chill on the tribalism bullshit here for a second or so, hey?
I mean you the one lying trying to make Texas out to be something it absolutely is not.
Source? No? Thought not.
What are you 12?