Samsung Electronics close to finalising $17 billion Texas chip plant -sources


FILE PHOTO: The logo of Samsung Electronics is pictured at the company's factory in Tijuana, Mexico, June 1, 2019. REUTERS/Jorge Duenes/File Photo

SEOUL/SAN FRANCISCO (Reuters) -Samsung Electronics Co Ltd is close to finalising the construction of a $17 billion semiconductor factory in Williamson County in the U.S. state of Texas, three people with knowledge of the matter said.

Samsung told Reuters that it is continuing due diligence in multiple locations, and that it has yet to make a decision.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

   

Next In Tech News

AI startup Cohere raises $270 million in Nvidia-backed funding round
German firms to receive 4 billion euros through EU microelectronics push
Apple, Epic ask US appeals court to reconsider its antitrust ruling
Legal AI company EvenUp raises $50 million at $325 million valuation
Senators ask U.S. Justice Dept to probe Binance statements to Congress
EU approves $8.7 billion of state aid for tech innovation projects
KKR, CDP rival consortium readying new bids for Telecom Italia's grid
GameStop shares plummet after fifth CEO exit in 5 years
Analysis-US SEC crackdown on Coinbase, Binance puts crypto exchanges on notice
Microsoft, Google strategy to test AI search ads irks some brands

Others Also Read