As part of its efforts to alleviate the global chip shortage, Samsung plans to establish a $17 billion semiconductor manufacturing facility in Texas. On November 23, the South Korean electronics giant announced its largest-ever investment in the United States, stating that the facility will create 2,000 high-tech jobs immediately and thousands more in the local economy once it is fully operational. “With greater manufacturing capacity, we will be able to better serve the needs of our customers and contribute to the stability of the global semiconductor supply chain,” Kinam Kim, Vice Chairman and CEO of Samsung Electronics, said in a statement. The city of Taylor in Texas was chosen for the new facility, according to Samsung, because of a number of considerations, including its closeness to the company’s current manufacturing base in Austin, the local semiconductor ecosystem, and government backing. The Taylor site, which will be close to Samsung’s most recent new production line in Pyeongtaek, South Korea, will span more than 5 million square meters and represent a major hub for the company’s global semiconductor manufacturing capability.