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Samsung Weighs Second Texas Site For $17 Billion U S Chip Plant
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Samsung weighs second Texas site for US$17 billion U S chip plant
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Samsung weighs second Texas site for $17 billion U S chip plant
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Samsung weighs second Texas site for US$17 billion US semiconductor plant
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Samsung details plans for $17 billion chip facility in Texas
Sohee Kim, Bloomberg
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The Samsung Electronics logo is displayed in a window at the company s D light flagship store in Seoul, South Korea, on Oct. 6, 2020.Bloomberg photo by SeongJoon Cho.
Samsung Electronics Co. revealed additional details about its plans to build a cutting-edge semiconductor facility in the U.S. in a filing with the state of Texas, making the disclosure as the Biden administration vows to make the security of the U.S. chip supply a national priority.
The South Korean company plans to invest about $17 billion in its Project Silicon Silver and create about 1,800 jobs over the first ten years, according to an economic impact study prepared by a local consultant. Some $5.1 billion would go into buildings and property improvements, while $9.9 billion would be spent on machinery and equipment.