US finalizes up to $6.35 billion in chips awards for Samsung Electronics, Texas Instruments [Yahoo! Finance]
Texas Instruments Incorporated (TXN)
Last texas instruments incorporated earnings: 4/21 04:01 pm
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Source: Yahoo! Finance
Commerce Department said on Friday it was finalizing an award of up to $4.745 billion to South Korea's Samsung Electronics and up to $1.61 billion for Texas Instruments to expand chips production. The Samsung award is about $1.7 billion smaller than the preliminary award announced in April of up to $6.4 billion and reflects its revised smaller investment plans, the department said. A Commerce spokesperson said the department "changed this award to align with market conditions and the scope of the investment the company is making. Samsung feels that this award represents a strong commitment to their Texas and U.S. efforts and is a sustainable long-term plan for them." In April, administration officials said Samsung planned to invest roughly $45 billion to build two chip production facilities, a research center and a packaging facility by 2030. On Friday, Commerce said Samsung plans to invest $37 billion and complete the projects by the end of the decade. Samsung did not immedia
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TXN
News
- Texas Instruments Finalizes Chips Act Award, Gets $1.6 Billion [Yahoo! Finance Canada]Yahoo! Finance Canada
- US confirms billions in chips funds to Samsung, Texas Instruments [Yahoo! Finance]Yahoo! Finance
- US finalizes up to $6.35 billion in chips awards for Samsung Electronics, Texas Instruments [Yahoo! Finance Canada]Yahoo! Finance Canada
- US Confirms Billions In Chips Funds To Samsung, Texas Instruments [Barron's]Barrons
- Texas Instruments announces award agreement for CHIPS and Science Act fundingPR Newswire
TXN
Earnings
- 10/22/24 - Beat
TXN
Sec Filings
- 12/20/24 - Form 4
- 12/20/24 - Form 4
- 11/26/24 - Form 4
- TXN's page on the SEC website