Samsung to Unveil Plans for $17 Billion Texas Chip-Making Plant
Samsung Electronics is expected to announce plans to invest $17 billion to build a chip factory in Texas, according to several media reports.
It would provide a boost to President Joe Biden’s ambition to increase domestic semiconductor production to shield the U.S. from the vagaries of the global market.
If confirmed, the plant would be based in Taylor, in central Texas, and would generate around 1,800 jobs, with production to start in 2024.
Samsung and Texas Gov. Greg Abbott are due to formally announce the Korean group’s decision Tuesday afternoon, according to some reports, although another report said that Samsung was yet to make a final decision on the location.
Follow & share @TransAmericanFriendship
