Samsung to Establish New Chip Plant in Texas

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Samsung to Establish New Chip Plant in Texas
24 Nov 2021
3 min read


News Synopsis

Samsung has decided to set up its chip plant in Taylor city of Texas. Industries all around the world are facing a shortage of semiconductors. The company has decided to establish the plant after facing scarcity. This will be the biggest ever USA investment made by the South Korean company.

White House officials have sad on the new establishment that it will help in maintaining the supply chain and will also lead to the creation of multiple new jobs as well. According to a statement released from the governor’s office, the company can also get a grant of $27 million for job creation in the states.

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