The US Department of Commerce awarded Samsung, Texas Instruments, and Amkor Technology over $6.75 billion under the CHIPS Incentives Program to support domestic semiconductor production. Samsung plans to invest $37 billion in expanding chip development and production in the US, Texas Instruments is building three new facilities, and Amkor is creating an advanced packaging and test facility in Arizona. This funding is expected to create thousands of jobs per project. How will these investments impact the semiconductor industry and economic growth in the US?
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