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The US plans to give Samsung a subsidy of over $6 billion to expand production in Texas, doubling their investment in the US to over $44 billion. This move will support construction at facilities across the state and deepen business ties between the two countries. President Biden and South Korean President Yun Sukol have pushed for incentives for firms to invest in each other's countries. This subsidy is part of ongoing efforts to strengthen economic relations, following similar actions with Taiwan's TSMC and US giant Intel.
