1: Biden administration allocates $64bn to Samsung for chip production in Texas.

2: Investment aimed at increasing US semiconductor manufacturing capabilities.

3: Samsung to create jobs and boost economy with new chip factory.

4: Initiative part of Biden's plan to secure critical supply chains.

5: Chip shortage underscores need for domestic production.

6: Collaboration between government and industry crucial for tech advancement.

7: Samsung's expansion to enhance American innovation and global competitiveness.

8: Increased chip production key for technology, defense, and healthcare sectors.

9: Investment signals commitment to securing America's technological future.

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