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Samsung to invest $ 17 billion in new plant in Texas

UNITED STATES – The new factory, supposed to be operational by the end of 2024, should create more than 2,000 jobs

It is a godsend for the United States as semiconductor shortage is hitting the global economy. South Korean giant Samsung announced on Tuesday that it will build a microchip factory in Taylor, Texas. This $ 17 billion investment is expected to reduce lead times in many industries across the country.

“Welcome to Texas, Samsung! », Tweeted Greg Abbott, the governor of this southern state, after a press conference. “This is the largest foreign direct investment ever made in Texas,” he added.

“A new chapter” for Samsung

The new plant, which is supposed to be operational by the end of 2024, should create more than 2,000 skilled jobs and “lay the foundations for a new chapter” for Samsung, Kinam Kim, vice president of Samsung said in a statement. electronic devices division of the company. The chips manufactured on this site will have applications (…) Read more on 20minutes

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