Samsung Electronics Co. plans to construct a roughly $17 billion chip-making plant in Taylor, Texas, in accordance with individuals acquainted with the matter, a mega funding by the South Korean tech large, because the Biden administration pushes for an growth of U.S. semiconductor manufacturing.

An announcement may come as early as Tuesday, individuals acquainted with the matter mentioned. Gov. Greg Abbott is scheduled to make an “financial announcement” Tuesday at 5 p.m. native time.

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