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NEWS

Samsung says it will build $17B chip factory in Texas

(NPR Nov. 24) Samsung said it plans to build a $17 billion semiconductor factory outside of Austin, Texas, amid a global shortage of chips used in phones, cars and other electronic devices.Samsung said it will start building the Texas plant next year and hopes to begin operations in the second half of 2024. The South Korean electronics giant chose the site based on a number of factors, including government incentives and the "readiness and stability" of local infrastructure, said Samsung Vice Chairman Kinam Kim, speaking alongside the Republican governor.