Texas Gov. Greg Abbott has scheduled a press conference this week to make an economic announcement; he is expected to unveil the Samsung investment at that time, according to a person familiar with the plan who wasn’t authorized to speak about it publicly ahead of the official announcement. News of the Samsung announcement was reported earlier by the South Korean news agency Yonhap.
The chip shortage has emerged as both a business obstacle and a serious national-security concern. Short supplies of semiconductors kicked off by COVID-era shutdowns have hampered production of new vehicles and electronic devices for more than a year. New questions of economic and national security are also at stake, since many U.S. companies are dependent on chips produced overseas, particularly in Taiwan.
“It’s a concentration risk, a geopolitical risk” to be so reliant on Taiwan for much of the world’s chip production, said Nina Turner, an analyst at IDC. She said the current shortages will likely subside but there will be a long-term demand for chips as more and more everyday products rely on them.
Neither Samsung, a South Korean electronics giant, nor Abbott’s office returned requests for comment about the project this week.
Many chipmakers are spreading out their manufacturing operations, now concentrated in Asia, in response to the shortages, which have taken a toll on sectors from automakers to the video game industry.
“It makes sense for the supply chain to be a bit more diversified geographically,” said Angelo Zino, an analyst at CFRA. “You’re clearly seeing some new foundry capacity plans being announced in the U.S. as well as Europe.”
Continue reading your story on the app
Continue reading your story in the magazine
GOLF GOES TO NETFLIX AND IT HAS COMPETITION FROM TENNIS
Formula One racing got a huge boost in interest in North America through the Netflix series “Drive to Survive.”
A DIGITAL DIVIDE HAUNTS SCHOOLS ADAPTING TO VIRUS HURDLES
When April Schneider’s children returned to in-person classrooms this year, she thought they were leaving behind the struggles from more than a year of remote learning.
THE HOTTEST CARS TO LOOK OUT FOR IN 2022
The chip and supply chain shortages of 2021 have been difficult for automakers and consumers alike.
GOP OHIO CONGRESSIONAL DELEGATION WANTS CHIP LAW FUNDED
GOP members of the Ohio congressional delegation asked House and Senate leaders to fully fund a law meant to address a global shortage of semiconductor chips used in phones, cars and video games.
EXPLAINER: MICROSOFT'S ACTIVISION BUY COULD SHAKE UP GAMING
Microsoft stunned the gaming industry when it announced this week it would buy game publisher Activision Blizzard for $68.7 billion, a deal that would immediately make it a larger video-game company than Nintendo.
iPad vs Mac
The ultimate devices for work from anywhere
MICROSOFT BUYS GAME MAKER ACTIVISION BLIZZARD FOR ABOUT $70B
Microsoft is paying nearly $70 billion for Activision Blizzard, the maker of Candy Crush and Call of Duty, to boost its competitiveness in mobile gaming and virtual-reality technology.
REPORT: MANDATORY OLYMPIC APP HAS SERIOUS SECURITY FLAWS
A smartphone app that athletes and others attending next month’s Winter Games in Beijing must install has glaring security problems that could expose sensitive data to interception, according to a report published this week.
TESLA INKS DEAL TO GET KEY BATTERY COMPONENT OUTSIDE CHINA
Tesla is turning to Mozambique for a key component in its electric car batteries in what analysts believe is a first-of-its-kind deal designed to reduce its dependence on China for graphite.
HOW NEW ROBIN HOOD CEO BUERY PLANS TO FIGHT NYC POVERTY
Richard R. Buery Jr., is starting his first full year as CEO of Robin Hood. But he’s no stranger to New York City’s largest poverty-fighting organization.
The Fight to Save Texas's Spectacular CORAL REEFS
A team of unlikely allies came together to expand protections, but will it be enough?
LONE STAR Mojo
Sue Foley brings swagger, sweetness and bite to the bold and unfiltered Pinky's Blues.
LOSING WITH LATINOS?
In the race for Texas governor, Beto O'Rourke's own words are being used-sometimes deceptively-against him
Better Call Ken
The Texas Attorney General provided a radical legal pretext to overturn the election. Now he’s using the same tactics to gut Roe v. Wade.
THE SMALL LIE
TO SUPPORT THE REPUBLICAN MYTH THAT OUR ELECTIONS ARE RIFE WITH FRAUD, SOMEONE NEEDS TO TAKE THE FALL.
Fancy Painted Floors
Borders and checkerboard designs are DIY favorites; you might also try your hand at stenciling or faux effects.
TESLA OFFICIALLY MOVES HEADQUARTERS FROM CALIFORNIA TO TEXAS
Tesla says it has officially moved its corporate headquarters from Silicon Valley to a large factory under construction outside of Austin, Texas.
Dive into the Facts
Learn about anhingas, the sleek birds that hunt underwater.
Doors of Perception
We reveal the winners of the Wallpaper* + Samsung Bespoke Design Challenge
IN 2020, Sound & Vision tested Samsung’s 65-inch Q90T series TV, an LCD model that lacked some of the features and refinements found in the company’s flagship sets from the previous year.