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President Biden announces preliminary agreement with Samsung that will aid company's Central Texas investment

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A new manufacturing plant is expected to be complete in Taylor later this year, according to the agreement.

TAYLOR, Texas — Samsung is set to invest billions more into the Central Texas semiconductor industry.

Samsung's increased investment is set to create 21,500 jobs and leverage millions in CHIPS and Science Act funding to support training and developing the local workforce. According to Williamson County, Samsung's expanded footprint will include a packaging facility, a research and development center and a second fabrication plant.

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