News Formal

Samsung to Double Semiconductor Investment in Texas

  • 📰 KVUE
  • ⏱ Reading Time:
  • 11 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 39%
  • Publisher: 63%

Business News

Samsung,Semiconductor,Investment

South Korea-based company Samsung plans to add more than double its total semiconductor investment in the state of Texas to roughly $44 billion. This is in addition to the initial $17 billion committed to the plant two years ago. Samsung is expected to receive billions of dollars in subsidies as part of the U.S. Chips Act. The investment is expected to bring in about 2,000 jobs and fuel massive growth in the town of Taylor.

South Korea-based company Samsung plans to add more than double its total semiconductor investment in the state of Texas to roughly $44 billion. This is in addition to the initial $17 billion committed to the plant two years ago.

Samsung is expected to receive billions of dollars in subsidies as part of the U.S. Chips Act. The investment is expected to bring in about 2,000 jobs and fuel massive growth in the town of Taylor.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 244. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Samsung is doubling its semiconductor investment in Texas to $44 billionLawrence is a contributing reporter at Engadget, specializing in our AI overlords, musical doodads and, of course, garden variety gaming and tech. To that end, Lawrence once lost badly in multiplayer Mario to Nintendo’s own Shigeru Miyamoto, who laughed gleefully as he threw him down a pit.
Source: engadget - 🏆 276. / 63 Read more »