Samsung To build a $17 Billion Chip factory in Taxes

A recent report claims that Samsung plans to build a $ 17 billion chip factory in Taylor, Texas, to service the company’s contract operations. to run.

Documents filed with the state reveal that Samsung’s eventual factory will provide about 1,800 jobs and Texas is offering the Korean tech giant some lucrative tax breaks, such as reduced property taxes for the first 10 years of operation. Speaking of which, if all goes well, the factory should start production in 2024 and is part of a $ 205 billion investment fund over the next three years. The state has not issued a final decision, but if it does, we can expect the announcement very soon.

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