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US to award chipmaker Texas Instruments up to $1.6 bn
US to award chipmaker Texas Instruments up to $1.6 bn
Economy
by  AFP

The US government said Friday it has signed a preliminary agreement with semiconductor manufacturer Texas Instruments to give the company up to $1.6 billion to help fund new facilities in the country. The money would give a boost to TI's planned investment of more than $18 billion through the end of the decade to build three new facilities, the Commerce Department said in a statement.