As per sources, the cost of a chip plant that South Korea’s Samsung Electronics Co Ltd (005930.KS) is creating in Taylor, Texas, will exceed $25 billion for the most significant memory chip manufacturer in the world, an increase of more than $8 billion from initial estimates.
The second-largest producer of contract chips worldwide, Samsung, disclosed plans for a plant in Taylor, Texas, for 2021.
Samsung stated that the company might ultimately decide to construct additional factories despite spending up to half of the $17 billion budgeted initially for the Taylor site.
Read More: Exclusive: Samsung’s new Texas chip plant cost rises above $25 billion
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