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

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

Taiwan Semiconductor Manufacturing Company plans to build an additional factory and upgrade another planned facility in Phoenix with the federal grants.

The award, to be announced by President Biden at a plant in Arizona, is the biggest the government has made under a new program that aims to rebuild the nation’s semiconductor manufacturing industry.

The A.I. chip maker’s revenue more than tripled, and profits rose ninefold. It also projected that its revenue would more than triple again.

The company raised $7.3 billion over the last year, as the lure of artificial intelligence changes Silicon Valley deal-making.

Delays in finishing new factories are emerging, just as the Biden administration begins handing out money to stoke domestic production.

The grant will go toward chips for the auto and defense industries, and is the largest award to date from $39 billion in government funding.

Chafing at their dependence, Amazon, Google, Meta and Microsoft are racing to cut into Nvidia’s dominant share of the market.

The deal was the latest sign of changes in the tech sector, as artificial intelligence booms and sales of some hardware slows.

A U.S.-born chip technology called RISC-V has become critical to China’s ambitions. Washington is debating whether and how to limit the technology.