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Intel Corp

Samsung May Get $6B CHIPS Act Funding for U.S. Expansion

TL/DR - Samsung Electronics is set to receive a $6 billion federal grant from the US Commerce Department to expand its chipmaking plants in the United States. The grant, part of the $28 billion set aside for manufacturers under the CHIPS (Creating Helpful Incentives to Produce Semiconductors) and Science Act of 2022, comes after Samsung announced…