Yesterday Wall Street Journal reported that Samsung is considering building a chip factory in Taylor, Texas and is in negotiations with the local government. Well, we did not have to wait long for the official confirmation when the Korean technology giant today announced its new project.
As part of a $ 205 billion investment plan, Samsung is building a $ 17 billion factory that will provide about 2,000 high-tech jobs that produce 5G, high-performance computers and artificial intelligence hardware. The company will start building the factory in 2022 and will actually start production sometime in 2024, as previously reported.
Samsung says it chose Taylor because of the city’s infrastructure, community development and, of course, the support of the local government.