It’s Official: Samsung To Build $17bln Chip Factory In Taylor, Texas

Zero Hedge

By Tyler Durden – November 23, 2021

Update (1912ET): At a press conference in Austin, Texas, Gov. Greg Abbott announced that Samsung Electronics Co. would construct a new semiconductor manufacturing facility in Taylor, a small town outside Austin. 

Samsung will invest $17 billion into the plant, including buildings, property improvements, machinery, and equipment. The investment is the most significant foreign direct investment in Texas history. 

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