Samsung’s US$17 billion Texas chip plant to create 2,000 jobs as US looks to ease global chip shortage, counter China

Samsung Electronics Co outlined plans for a US$17 billion US semiconductor plant that will add more than 2,000 jobs, widen the South Korean giant’s foothold in Texas, and bolster its role as a vital supplier in the global manufacturing supply chain.“Increasing domestic production of semiconductor chips is critical for our national and economic security,” US Commerce Secretary Gina Raimondo said in a statement Tuesday lauding the deal. White House officials also said they welcomed the investment…

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