Upon Samsung finalizing site selection for its new factory on U.S. soil, South Korean media have commented that the investment is expected to deal a blow to China’s ambitions in becoming a semiconductor giant as the United States moves to secure its own supply-chains.
Samsung announced on Nov. 23 that it will invest $17 billion to build a new semiconductor manufacturing plant in Taylor, Texas. It’s a grand-scale investment by the tech giant in the midst of a global semiconductor chip shortage, and the largest investment in the United States by far.
