Texas wins contest to host Samsung’s new $17 billion chip plant

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Reuters

By Joyce Lee and Tina Bellon SEOUL/AUSTIN, Texas (Reuters) – Samsung Electronics Co Ltd said on Wednesday it had picked Taylor, Texas as the location for a new $17 billion plant to make advanced chips for functions such as mobile, 5G, high-performance computing and artificial intelligence. The plant would create 2,000 high-tech jobs with construction to begin in the first half of next year, and production due to start in the second half of 2024, the South Korean tech giant said. It would also create at least 6,500 construction jobs, Texas Governor Greg Abbott said. The world’s biggest memory c…

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