January 28, 2023

Samsung to Choose Taylor, Texas, for $17 Billion Chip-Making Factory

Samsung Electronics Co. plans to build a roughly $17 billion chip-making plant in Taylor, Texas, according to people familiar with the matter, a mega investment by the South Korean tech giant, as the Biden administration pushes for an expansion of U.S. semiconductor production.

An announcement could come as early as Tuesday, people familiar with the matter said. Gov. Greg Abbott is scheduled to make an “economic announcement” Tuesday at 5 p.m. local time.

Related Posts

Apple’s Big Show May Not Be Enough

June 4, 2021

June 4, 2021

As Apple Inc. AAPL 1.81% looks to rally its base, the fate of the company’s lucrative ecosystem has never been...

New York City to Install First Curbside Electric-Vehicle Charging Station

June 24, 2021

June 24, 2021

New York City will install its first curbside electric-vehicle charging stations this year, part of an effort to address the...

Amazon Primed Andy Jassy to Be CEO. Can He Keep What Jeff Bezos Built?

July 2, 2021

July 2, 2021

One of the signature traits of Andy Jassy’s leadership of Amazon.com Inc.’s cloud-computing unit was a meeting tool called “the...

Chinese Surveillance-Gear Maker Hikvision Has Ties to Country’s Military, Report Says

May 25, 2021

May 25, 2021

HONG KONG—The world’s largest maker of surveillance equipment has long-established links to China’s military, including conducting a study with Chinese...

Downward U.S. Jobless Claims Trend Stalls Out

June 24, 2021

June 24, 2021

A recent downward trend in worker filings for jobless benefits stalled in mid-June amid other signs the labor market continues...

People Are Returning to Restaurants, Stores and Hotels. But Not Yet the Office.

June 15, 2021

June 15, 2021

Office towers and nearby businesses in central business districts are missing out on the strong economic recovery, largely because the...

U.S. Retail Spending Fell 1.3% in May

June 15, 2021

June 15, 2021

Retail sales dropped 1.3% in May as shoppers pulled back on goods purchases and shifted more of their spending to...

Credit Suisse Slashes Business With SoftBank and Its Founder, Masayoshi Son

June 18, 2021

June 18, 2021

Credit Suisse CS -2.40% Group AG and SoftBank 9984 -0.80% Group Corp. Chief Executive Masayoshi Son recently dissolved a longstanding...

John McAfee’s Death Was Likely Suicide, Spanish Authorities Say

June 24, 2021

June 24, 2021

Spanish authorities opened an investigation into the death of software pioneer John McAfee after he was found dead in his...

U.S. Airports to Receive $8 Billion to Help Pay Bills as Travel Recovers

June 22, 2021

June 22, 2021

U.S. airports are set to receive $8 billion in government grants to help them emerge from the coronavirus pandemic that...

UAW Board Elects Fourth President in Three Years

June 28, 2021

June 28, 2021

The United Auto Workers’ board elected a new president Monday, as the union looks to overcome a corruption scandal and...

Harvard, MIT Part of $800 Million Deal to Push Access to Online Education

June 29, 2021

June 29, 2021

Education-technology company 2U Inc., which runs graduate programs for dozens of top universities, is buying web-based course provider edX, a...

Business Travel Is Coming Back

June 1, 2021

June 1, 2021

Fresh signs are emerging that business travelers won’t be grounded much longer. Some companies that learned to do without travel...

The Fine Print of Dietary Supplements

June 25, 2021

June 25, 2021

Thanks in part to the Covid-19 pandemic, dietary supplements are more popular than ever. Three out of four Americans—including one...

PE-Backed Hospital Chain Got Help From Major Landlord as Losses Mounted

June 18, 2021

June 18, 2021

Medical Properties Trust Inc. MPW -4.89% is a little-known real-estate investor that helps private-equity firms cash in on their hospital...