Samsung says it will build $17B chip factory in Texas


Samsung Electronics on Thursday, Oct. 28, 2021 reported its highest quarterly profit in three years as it continues to see robust global demand for its computer memory chips.

Amid global shortage of chips used in phones, cars and other electronic devices, Samsung says it hopes to begin operations at the semiconductor factory outside of Austin by 2024.

(Image credit: Lee Jin-man/AP)

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