Samsung Looks to Invest $10 Billion to Build New Texas Chip-Making Plant, Bloomberg Reports
22 January 2021 - 9:06PM
Dow Jones News
-- Samsung Electronics Co. is looking to invest more than $10
billion to build a new chip-making plant in the U.S., Bloomberg
reports, citing unnamed sources.
-- The South Korean memory chip and smartphone maker is in talks
to locate a site in Austin, Texas, and the facility is expected to
be capable of making chips as advanced as 3 nanometers in the
future, Bloomberg reports.
-- The firm preliminarily aims to begin construction this year,
install major equipment from 2022, and start operations as early as
2023, according to Bloomberg.
Full story: https://bloom.bg/2NiVajE
Write to Singapore editors at singaporeeditors@dowjones.com
(END) Dow Jones Newswires
January 22, 2021 04:51 ET (09:51 GMT)
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