Samsung will build a $17 billion semiconductor factory in Texas

Samsung has committed to build a chip-making factory in Texas, just as the US starts to push for the expansion in semiconductor production within the country. The Korean tech giant will be investing $17 billion into the new facility, which will manufacture high-end and advanced chips for smartphones, 5G and artificial intelligence, among other applications. According to The Wall Street Journal, construction for the factory is scheduled to begin next year, while production within the facility is expected to start in the second half of 2024.