Samsung to build a $17 billion chip factory in Texas

Ro, 23 November 2021

A recent report claims that Samsung is planning to build a $17 billion chip factory in Taylor, Texas to serve the company's contract operations.Samsung is selling a lot of its chips to US-based companies so this would make things easier and cheaper in the long run.

Samsung might build a $17 billion chip factory in Texas

Documents filed with the state reveal that Samsung's eventual factory will provide about 1,800 jobs and Texas is offering the Korean tech giant some lucrative tax breaks such as reduced property taxes for the first 10 years of operation.

Speaking of which, if all goes well, the factory should kick off production in 2024 and is part of a $205 billion investment fund for the next three years.

The state hasn't come out with a final decision but if it does, we can expect the announcement pretty soon.



Reader comments

  • Anonymous

How does any of that matter when it comes to manufacturing quality products with reasonable prices? Taxes in Europe, in general, is crazy that I'd never start a business there. Scandanavia is even crazier, so if you're happy with that small...

  • AlienKiss

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Why not Denmark? Denmark is Scandinavia one if the most democratic, clean, rich, a good health care system for free etc?? America is one of the worse ones, its like a 3rd world country, armed civil people on the streets, racist country and nearly a...

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