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.
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)
Read Next
Latest on Technology
