By Kwanwoo JunSamsung Electronics Co. has confirmed its plan to build a $17 billion new chip-making plant in Taylor, Texas, as the Biden administration is pushing to expand semiconductor production on U.S. soil. The South Korean tech giant in a regulatory filing early Wednesday said the planned investment aims to meet the demand for advanced system semiconductors and help stabilize global chip-supply chains.

Source: Wall Street Journal November 24, 2021 01:20 UTC