Samsung Electronics will build a $17 billion chip plant in Taylor, Texas, in a move seen to heed calls by Washington to boost chip production in the US, according to Financial Times.

  • The Texas facility is expected to boost the manufacturing of advanced logic chips for smartphones, artificial intelligence, and computing. 
  • Samsung is expected to narrow its cost gap with TSMC and erase potential risks of prevailing trade barriers by boosting local production. 
  • Taylor mayor Brandt Rydell says Samsung’s decision for the location of the chip fabrication facility is the most significant development to the local economy since the 1870s.
  • Commerce secretary Gina Raimondo says the facility is crucial in preserving and enhancing US innovation and leadership in one of the most critical sectors.
  • Once completed, the facility is expected to create at least 2,000 jobs, with the construction to start early next year up to the second half of 2024.

The facility will be the most advanced chip facility by the South Korean tech giant as it seeks to rival Taiwanese’s TSMC in the lucrative foundry sector. It will be the biggest investment by Samsung in the US.

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