Samsung to invest $17bn in Texas chip factory

The site is near the small city of Taylor, which is northeast of Austin, Texas. According to Samsung, the company chose the site after considering locations in Arizona and New York, but chose Texas due to the presence of government incentives, its proximity to its Austin plant, and the “readiness and stability” of local infrastructure. The plant is expected to generate 2,000 technology jobs and 6,500 construction jobs, Reuters reported.

The Republican governor of Texas, Greg Abbott, celebrated the announcement with a tweet saying: “Welcome to Texas, Samsung!”. Abbott’s office said Samsung would receive a $27m grant to support job creation.