Learn more

In a significant development, Samsung Electronics Co. (OTC:SSNLF) is reportedly on the verge of securing over $6 billion from the U.S. government to expand its chipmaking operations in the country. What Happened: As per a Bloomberg report released on Thursday, citing people familiar with the matter, the U.S. is gearing up to provide more than $6 billion to Samsung. This funding will reportedly assist the tech behemoth in broadening its operations beyond a previously announced project in Texas. The financial aid, part of the 2022 Chips and Science Act, is one of several substantial awards that …

cuu