Samsung to reportedly build $17B chip factory in Taylor, Texas

Samsung has reportedly selected Taylor, Texas, as the site of a planned multi-billion dollar chipmaking facility, with the plant expected to serve the company's contract manufacturing operations.

Citing sources familiar with the matter, The Wall Street Journal reports Samsung will spend about $17 billion to build out the plant, part of the company's $205 billion in funds earmarked for investment over the next three years.Documents filed with state planners propose a site that will create about 1,800 jobs when chip production begins in 2024, the report said. It is unclear if construction jobs are also included in that figure.

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