Yesterday The Wall Street Journal reported that Samsung is looking into building a chip factory in Taylor, Texas and is in talks with the local government. Well, we didn’t have to wait long for the official confirmation as today, the Korean tech giant announced its new project.
As part of a $205 billion investment plan, Samsung is building a $17 billion factory that will provide around 2,000 high-tech jobs producing 5G, high-performance computing and artificial intelligence hardware. The company will start building the factory in 2022 and will kick off actual production sometime in 2024, as previously reported.
Samsung says that it chose Taylor due to the city’s infrastructure, community development and, of course, the support from the local government.