CHIPS and Science Act

The US Department of Commerce on Friday announced its awards for Samsung, Texas Instruments and Amkor Technology under the CHIPS Incentives Program, which come to more than $6.75 billion altogether. The program is meant to help expand domestic semiconductor production. Samsung was awarded up to $4.745 billion in direct funding — a smaller amount than the that was announced earlier this year — while up to $1.61 billion and Amkor up to $407 million.Samsung plans to invest $37 billion over the next few years to ramp up chip development and production in the US, the DOC said. The company will…