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SVTPerformance's Chain of Restaurants
Road Side Pub
Frying Pan Into the Fire -- Chip Shortage
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<blockquote data-quote="Weather Man" data-source="post: 16697635" data-attributes="member: 137766"><p><a href="https://www.foxbusiness.com/category/fox-news-samsung" target="_blank"><u>Samsung</u> </a>Electronics Co. plans to <a href="https://www.wsj.com/articles/samsung-eyes-up-to-17-billion-u-s-chip-plant-investment-11611361050?mod=article_inline" target="_blank"><u>build a roughly $17 billion chip-making plant</u></a> in Taylor, Texas, according to people familiar with the matter, a mega investment by the South Korean tech giant, as the <a href="https://www.foxbusiness.com/category/joe-biden" target="_blank"><u>Biden</u></a> administration pushes for an expansion of U.S. semiconductor production. </p><p></p><p>An announcement could come as early as Tuesday, people familiar with the matter said. Gov. Greg Abbott is scheduled to make an "economic announcement" Tuesday at 5 p.m. local time. </p><p></p><p>The Taylor facility, located in central Texas, plans to create around 1,800 <a href="https://www.foxbusiness.com/category/jobs" target="_blank">jobs</a>, though chip production isn’t expected to start until the end of 2024, according to documents <a href="https://www.wsj.com/market-data/quotes/005930.SE" target="_blank"><u>Samsung</u></a> had previously filed with Texas authorities. To woo Samsung, Taylor had offered incentives that include the equivalent of property-tax breaks of up to 92.5% for the first 10 years, with the write-offs gradually declining over the next several decades.</p></blockquote><p></p>
[QUOTE="Weather Man, post: 16697635, member: 137766"] [URL='https://www.foxbusiness.com/category/fox-news-samsung'][U]Samsung[/U] [/URL]Electronics Co. plans to [URL='https://www.wsj.com/articles/samsung-eyes-up-to-17-billion-u-s-chip-plant-investment-11611361050?mod=article_inline'][U]build a roughly $17 billion chip-making plant[/U][/URL] in Taylor, Texas, according to people familiar with the matter, a mega investment by the South Korean tech giant, as the [URL='https://www.foxbusiness.com/category/joe-biden'][U]Biden[/U][/URL] administration pushes for an expansion of U.S. semiconductor production. An announcement could come as early as Tuesday, people familiar with the matter said. Gov. Greg Abbott is scheduled to make an "economic announcement" Tuesday at 5 p.m. local time. The Taylor facility, located in central Texas, plans to create around 1,800 [URL='https://www.foxbusiness.com/category/jobs']jobs[/URL], though chip production isn’t expected to start until the end of 2024, according to documents [URL='https://www.wsj.com/market-data/quotes/005930.SE'][U]Samsung[/U][/URL] had previously filed with Texas authorities. To woo Samsung, Taylor had offered incentives that include the equivalent of property-tax breaks of up to 92.5% for the first 10 years, with the write-offs gradually declining over the next several decades. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Frying Pan Into the Fire -- Chip Shortage
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