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Texas wins contest to host Samsung's new $17 Billion chip plant

SEOUL/AUSTIN, Texas, Nov 24 (Reuters) - Samsung Electronics Co Ltd (005930.KS) said on Wednesday it had picked Taylor, Texas as the location for a new $17 billion plant to make advanced chips for functions such as mobile, 5G, high-performance computing and artificial intelligence.

The plant would create 2,000 high-tech jobs with construction to begin in the first half of next year, and production due to start in the second half of 2024, the South Korean tech giant said. It would also create at least 6,500 construction jobs, Texas Governor Greg Abbott said.

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by Anonymousreply 15November 26, 2021 3:26 PM

But who will want to live there?

by Anonymousreply 1November 24, 2021 3:37 AM

[quote]Texas wins contest to host Samsung's new $17 Billion chip plant

Is AOC taking credit for chasing them outta Queens?

by Anonymousreply 2November 24, 2021 3:40 AM

This was subsidized with taxpayer money up the damn ass, both by Biden's 'CHIPS' act and by the Texas government.

by Anonymousreply 3November 24, 2021 3:42 AM

R2 To be fair, New York has the second largest tech sector in the US after Silicon Valley. So New York is doing just fine in tech.

by Anonymousreply 4November 24, 2021 3:43 AM

It will be fun to watch Samsung's CEO be publicly shamed when Texas' power grid collapses.

by Anonymousreply 5November 24, 2021 3:53 AM

I guess having a stable, reliable power grid wasn't high on their list of priorities.

by Anonymousreply 6November 24, 2021 4:13 AM

R1, it’s one of the fastest growing places in the nation.

by Anonymousreply 7November 24, 2021 4:21 AM

Texas keeps winning

by Anonymousreply 8November 25, 2021 6:13 PM

This will help turn TX blue. Educated voters tend to vote blue.

by Anonymousreply 9November 25, 2021 6:17 PM

And ?....they can create 1 million jobs, unless they are permanent its bullshit. 6500 jobs that will last a year or two...and most of those will be filled by employees already on the payroll of the construction company. With a population of over 29 million and 1 million unemployed, its nothing to crow about.

by Anonymousreply 10November 25, 2021 6:20 PM

And then the electricity goes out….

by Anonymousreply 11November 25, 2021 6:50 PM

R10 So no one should be creating any new jobs, is what you are saying? Cause, what's the point, they will never employ all the unemployed people.

by Anonymousreply 12November 25, 2021 7:00 PM

$17 billion is a mind boggling number to me. I had no idea chip plant cost that much to build.

by Anonymousreply 13November 25, 2021 7:18 PM

R10 is sour. This is huge news

by Anonymousreply 14November 25, 2021 8:03 PM

Whatever their ethnicities, Californians are coming to Texas in much higher numbers than are migrants from any other state. In 2019 about 42 percent of net domestic immigrants came from California. For all the hyperventilating about Californians ruining certain Texas cities, however, the fastest-growing parts of the state owe much of their growth to Texans shuffling around from city to city. In fact, a primary reason Texas is growing so fast is that we tend to stick around as compared to natives of other states, meaning there’s less out-migration to offset the in-migration. About 82 percent of people born in Texas still live here, making it the so-called stickiest state in the country.

by Anonymousreply 15November 26, 2021 3:26 PM
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