-- Samsung Electronics Co. is looking to invest more than $10 billion to build a new chip-making plant in the U.S., Bloomberg reports, citing unnamed sources.

-- The South Korean memory chip and smartphone maker is in talks to locate a site in Austin, Texas, and the facility is expected to be capable of making chips as advanced as 3 nanometers in the future, Bloomberg reports.

-- The firm preliminarily aims to begin construction this year, install major equipment from 2022, and start operations as early as 2023, according to Bloomberg.


Full story: https://bloom.bg/2NiVajE


Write to Singapore editors at singaporeeditors@dowjones.com


(END) Dow Jones Newswires

January 22, 2021 04:51 ET (09:51 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.