Abbott Economy: Samsung to Build $17 Billion Chip Factory in Texas

Abbott Economy: Samsung to Build $17 Billion Chip Factory in Texas


Korean tech giant Samsung recently announced that it plans to invest around $17 billion to build a semiconductor manufacturing facility in Taylor, Texas. The plant will be Samsung’s largest investment in the United States, and according to Gov. Greg Abbott, the “largest foreign direct investment in the state of Texas ever.”

The Wall Street Journal reports that on Tuesday, Samsung announced plans to invest around $17 billion in a semiconductor manufacturing facility in Taylor, Texas. This marks the latest chip manufacturing commitment this year in the middle of a global chip shortage. Gov. Greg Abbott (R) called the plan “the largest foreign direct investment in the state of Texas ever,” speaking at a press conference with Samsung officials.

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Louie Mueller BBQ in Taylor,

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