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the US is set to give Samsung a subsidy of over $6 billion to expand production in Texas thats ing to two Reuters sources they say the move will be unveiled next week and will support construction at facilities across the state as part of the deal Samsung will double its investment in the US to over $44 billion there was no comment on the report from Washington or the company however the two sides have been courting each other for a long time back in 2022 US President Joe Biden toured a Samsung plant in South Korea so this is the moment in my view to invest in one another to deepen our business ties to bring our people even closer together speaking during the visit South Korean president Yun sukol urged Biden to provide incentives for firms from both Nations to invest in each others countries now the New Deal would be the latest in a series one of the sources said it would be almost as big as an earlier move to Grant taiwans tsmc $6.6 billion in support last month us giant intel was