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The agreement runs through 2033 and includes an upcoming plant in Taylor, Texas, to produce Tesla's next-generation AI6 chip.

Stellantis and joint venture partner Samsung have won a commitment from the U.S. government for a loan worth up to $7.54 billion to help build two electric vehicle battery plants in Kokomo, Ind. 

WASHINGTON — The Biden administration will provide up to $6.4 billion in direct funding for Samsung Electronics to develop a computer chip manufacturing and research cluster in Texas.

Samsung is preparing to take the wraps off a $44 billion investment in U.S. chipmaking as soon as next week, a signature project in Washington’s effort to bring production back.