Submit your comments on this article | |
Economy | |
Abbott Economy: Samsung to Build $17 Billion Chip Factory in Texas | |
2021-11-27 | |
![]() , the "largest foreign direct investment in the state of Texas ever." The Wall Street Journal reports that on Tuesday, Samsung announced plans to invest around $17 billion in a semiconductor manufacturing facility in Taylor, Texas. This marks the latest chip manufacturing commitment this year in the middle of a global chip shortage. Gov. Greg Abbott (R) called the plan "the largest foreign direct investment in the state of Texas ever," speaking at a presser with Samsung officials. Samsung stated that the factory would be the company’s largest U.S. investment and would primarily be used to produce high-end chips used in smartphones and other devices, likely employing 2,000 Texans in high-tech jobs. Construction for the facility is scheduled to start next year and the first chips should be made at the factory in the second half of 2024. Related: Samsung: 2021-11-24 Samsung plans to build $17 billion chip-making plant in Texas Samsung: 2021-09-20 More Fortune Global 500 Companies Pulling out of China Samsung: 2021-08-11 Wagner: Scale of Russian mercenary mission in Libya exposed Related: Taylor: 2021-11-24 Samsung plans to build $17 billion chip-making plant in Texas Taylor: 2021-11-22 Congressman Gosar Censured, Removed From Committees Over Anime Memed AI-driven information warfare tool to target pro-Trump accounts Taylor: 2021-11-14 Jan. 6 Political Prisoners Were Removed from Their Cells on Stretchers after Horrific Chemical Attack by DC Prison Guards | |
Posted by:Fred |