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Economy

Abbott Economy: Samsung to Build $17 Billion Chip Factory in Texas

2021-11-27

More on this story from a few days ago.

[BREITBART] Korean tech giant Samsung recently announced that it plans to invest around $17 billion to build a semiconductor manufacturing facility in Taylor, Texas. The plant will be Samsung’s largest investment in the United States, and according to Gov. Greg Abbott

... governor of Texas. Abbott is a Republican. His 2014 Dem opponent, state senatrix Wendy Davis, thought the absolute, most pressing, most important issue facing the state was abortion. Abbott beat the pantyhose off her. His 2018 opponent, Lupe Valdez didn't dwell too heavily on abortion, but she lost too...
, 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.

Posted by:Fred

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