Friday, 24 March, 2023

Samsung plans to invest $200B in the US to build 11 more chip plants

<p>Over the next 20 years, Samsung Electronics has proposed spending close to $200B to construct 11 additional chip manufacturing facilities in the US. Proposals from the South Korean tech giant, seeking tax exemptions for the future building of 11 new chip fabrication facilities in the state, 9 in Taylor and 2 in Austin, Texas, explain the projected investment. Samsung already operates a sizable chip factory in Austin.</p>