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Technology

Samsung to build U.S. chip plant amid global supply crunch

South Korean tech giant's board to host meeting to approve $17bn deal

Samsung Electronics is betting big on cutting-edge chip technology, but experts say it will have trouble catching up with Taiwanese rival TSMC. (Source photos by Reuters and courtesy of Samsung) 

SEOUL -- Samsung Electronics will invest $17 billion to build a new foundry chip factory in the U.S. state of Texas, as the Biden administration pushes to bring more semiconductor manufacturing onshore.

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