Samsung gets $6.4 billion to build massive semiconductor plants in central Texas

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President Biden tours a Samsung plant in Pyeongtaek, South Korea with South Korean President Yoon Suk-youl on May 20, 2022. The company is building a massive new campus in Texas. Kim Min-Hee/Pool/AFP via Getty Images

Kim Min-Hee/Pool/AFP via Getty Images

The Biden administration is giving Samsung $6.4 billion to help build massive new semiconductor chip plants in central Texas, the latest in a series of investments that the government hopes will transform the U.S. manufacturing sector.

Samsung itself is expected to invest $40 billion in the project, which will build new

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