Samsung Plans To Spend Up To $17B On Chip-Making Factory In US: WSJ – Benzinga

Samsung is considering investing around $17 billion to build a chip-making factory in the US, the Wall Street Journal has reported.
What Happened: The South Korean giant is looking at locations in New York, Texas and Arizona, people familiar with the matter told WSJ.
Samsung’s plan is to open the factory by October 2022 and to hire up to 1,900 people.
Why It Matters: The expansion plans come after US lawmakers proposed allocating billions of dollars to develop the country’s chip-making industry…

Click here to view the original article.