Samsung has announced plans to build a $17 billion chip plant in Taylor, Texas. The news comes on the heels of a government push to jump-start more U.S. semiconductor manufacturing and Senate approval of $52 billion in industry subsidies for new processor factories. The South Korea-based electronics giant already operates a chip fabrication plant in Austin, Texas, opened in 1997 and expanded in 2007. The Taylor facility will create new sourcing for chips, which have become precious amidst a global shortage, although the new factory is not expected to become operational until 2024. Continue reading Samsung Plans to Construct a $17 Billion Chip Plant in Texas