Samsung may go even bigger in Austin area
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Six months after announcing what was then billed as the largest direct foreign investment in Texas history, Samsung Electronics Co. Ltd. is laying the groundwork for more potential expansion in the Austin area.
The South Korean tech giant which last year pledged to build a $17 billion next-generation fabrication plant in the small town of Taylor, and has had a presence in North Austin for decades may build even more in Central Texas, possibly bringing billions more dollars and hundreds more jobs to the region.
It would also ensure Central Texas' status on the cutting edge of semiconductor manufacturing at a time when the world is facing a shortage of chips used in everything from cars to home appliances to computers and amid calls, especially in Austin, to boost their production in the United States. Austin-area officials have been attempting to make the region a premiere destination for chip companies, and have been lobbying federal legislators for aid in funding U.S. chip projects.
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