Don Clark

The federal grants will support Samsung’s new chip manufacturing hub in Taylor, Texas, along with the expansion of an existing site in Austin.

The grant to the memory chipmaker is the latest federal award aimed at boosting U.S. chip manufacturing.

The Silicon Valley company was again lifted by sales of its artificial intelligence chips, but it faces growing competition and heightened expectations.

The proposed funding, part of the CHIPS Act, is intended to stoke chip packaging, a process that helps drive progress in semiconductors but that takes place mostly in Asia.

The Silicon Valley chip maker also reported a net loss and declining revenue in the latest quarter.

The Silicon Valley chip maker also reported a net loss and declining revenue in the latest quarter.

The chipmaker, which has been struggling, said on Monday that it obtained a new government grant, signed a contract with Amazon and would pause some initiatives.

While Intel has struggled in recent years, other chipmakers are thriving because of a boom in demand.

Intel was for decades Silicon Valley’s dominant chip company. But missed opportunities and poor execution left it on the sidelines in tech’s latest gold rush.

The Silicon Valley chip maker has struggled to turn around its fortunes after missing opportunities and poor execution.