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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.

The South Korean chipmaker will establish new production lines for foundry chips in Taylor, northeast of Austin, as Samsung already runs a foundry chip factory in Austin, a person familiar with the matter told Nikkei Asia, following earlier U.S. media reports on the plan. Samsung is the world's second-largest foundry chipmaker, making customized semiconductors for other companies.

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