Samsung to build $17B chip factory in Texas | Business – Times of India Videos

Nov 25, 2021, 08:15PM ISTSource: AP

Samsung said it plans to build a $17 billion semiconductor factory outside of Austin, Texas, amid a global shortage of chips used in phones, cars and other electronic devices. “This is the largest foreign direct investment in the state of Texas, ever,” Texas Gov. Greg Abbott said in announcing the project Tuesday. Samsung said it will start building the Texas plant next year and hopes to begin operations in second half of 2024.

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