Samsung Electronics Co. is preparing to take the wraps off a $44 billion investment in US chipmaking as soon as next week, a signature project in Washington’s broader effort to bring semiconductor production back to America.
The world’s biggest memory-chip maker plans to outline the project in Taylor, Texas, alongside Commerce Secretary Gina Raimondo, according to people familiar with the matter.
It’s secured more than $6 billion of US government grants for an investment outlay that’s expanded significantly to a total of $44 billion over multiple years, the people said.
The timing and details of the announcement could still change before they’re finalized, the people said, asking not to be identified discussing private matters.
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