semiconductor

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…