Samsung is planning a factory in Texas

It is no secret that there is a shortage of semiconductors, but at the same time several major players are planning to build new factories for this, including Samsung.

Samsung has now reported that they plan to build a really large semiconductor factory in Texas and this in order to meet the demand for chips, which there is currently a great shortage of.

The new factory that Samsung plans to build will cost as much as 17 billion dollars and the goal is to start construction of the new factory by 2022 and the product will start in 2024.

That the factory is located in Texas is probably no coincidence, a state that has generous tax deductions and of course Samsung wants to earn as much as possible on this huge building.