--Samsung Electronics could get a $6 billion windfall from U.S. federal funds aimed at getting semiconductor companies to make chips in the country, Bloomberg reports, citing people familiar with the matter.

--According to the Bloomberg report, the money from the 2022 Chips and Science Act would come with significant additional U.S. investment by the South Korean company, and help it expand a $17 billion project in Texas.

--The award is one of several due to be doled out by the U.S. Commerce Department in the coming weeks, with Samsung competitor TSMC also in line to receive a grant, Bloomberg reports.

--Samsung Electronics declined to comment when approached by Dow Jones Newswires.


Full story: tinyurl.com/2aehw86f


Write to Amanda Lee at amanda.lee@wsj.com


(END) Dow Jones Newswires

03-15-24 0119ET