Samsung may invest up to $192 billion in US manufacturing

Samsung applied for tax credits for the construction of 11 manufacturing plants

chips in Texas.Potentially, Samsung expects to receive $4.8 billion in tax credits. If approved, the company could invest up to $192 billion in these factories. a total of 10,000 new jobs. Samsung says the company has no specific plans to build new facilities at this time, but applying for tax credits is an important step in long-term planning for manufacturing in the US. The company had previously made its choice in favor of the city of Taylor, Texas, and intends to build a $17 billion plant there by 2024 that will employ 2,000 people.