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Samsung Big Investment in America. Chip factory of Investment $17 billion.



In a statement to Reuters, Samsung confirmed it is considering expanding its chip facilities, but no decision has been made yet.

The documents say the project would involve building out 7 million square feet (650,000 square meters) of new space on a 640-acre (259-hectare) site that the company already owns.



Samsung Electronics is considering Austin, Texas, as one of the sites for a new $17 billion chip plant that the South Korean firm said could create 1,800 jobs, according to documents filed with Texas state officials.


"This project is highly competitive, and the company is looking at alternative sites in the US including Arizona and New York, as well as abroad in Korea...," Samsung said in the documents, adding that it is taking into account access to talent, chip ecosystem and speed to market in its evaluation of the sites.

Source - NDTV



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