Samsung set to announce new $17 billion advanced chip plant in Texas: report

samsung set to announce new $17 billion advanced chip plant in texas: report

Samsung already has a presence in Austin, Texas. | Image: Samsung

Samsung is expected to officially announce a new advanced chip-making plant in Texas later today, that’s estimated to cost around $17 billion and could create 1,800 jobs, The Wall Street Journal reports. The new plant will reportedly be located in the city of Taylor, roughly 30 miles away from Austin, where Samsung has an existing facility. The new site is roughly 1,200 acres in size, making it larger than Samsung’s Austin plant, the WSJ notes.

The announcement could come as soon as 5pm local time today, when Gov. Greg Abbott is due to make an “economic announcement.” However, the plant isn’t expected to actually start producing chips until the end of 2024, according to previous filings. Eventually, Samsung is expected to begin using the…

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