Samsung to build a $10-billion 3nm chip factory in Austin, Texas

plans to invest more than $10 billion to build a new chip factory in Austin, Texas, according to a report from . The Korean company aims to increase its manufacturing capabilities, in order to meet the demands from Qualcomm, Intel, and Tesla, as the existing facility in Texas is not big enough to cope with the increased amount of orders.

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Furthermore, the new factory will be able to produce chips as advanced as 3nm in the future, giving Samsung the upper hand in mobile chip fabrication. The move is aiming directly at competitor . Samsung already ...

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