Tech giant Samsung is poised to announce a $17 billion investment in a semiconductor manufacturing plant located in Taylor, Texas.
The facility is estimated to create 1,800 jobs and will begin producing computer chips at the end of 2024, according to The Wall Street Journal, who first reported the investment. The city of Taylor offered Samsung substantial tax breaks to choose it for the plant’s location, the WSJ reported.
Samsung did not immediately respond to the Daily Caller News Foundation’s request for comment. A Samsung spokeswoman told the WSJ that “a final decision has not yet been made regarding the location” of the chip facility.
President Donald Trump said Sunday that Apple CEO Tim Cook told him paying economic tariffs would make it difficult for his company to compete with the likes of Samsung.
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