Sources: Samsung's planned chip plant in Taylor, Texas, will now cost over $25B, up $8B from its initial forecasts, due to inflation and rising material costs
A chip plant that South Korea's Samsung Electronics Co Ltd (005930.KS) is building in Taylor, Texas, will cost … Tweets: @dnystedt , @stephennellis , and @paulportesi Tweets: Dan Nystedt / @dnystedt : Samsung's new Texas chip fab will cost over US$25 billion, or $8 billion more than initial forecasts, Reuters reports, quoting an unnamed source: “The higher construction cost is about 80% of the cost increase. The materials have gotten more expensive.” https://www.reuters.com/... Stephen Nellis / @stephennellis : The CHIPS Act was first introduced in 2020 - before a historic run of inflation and supply chain crunch. Samsung now believes its under-construction chip factory in Texas could cost $8 billion more than planned - story w/ @alexalper - https://www.reuters.com/... Paul Portesi / @paulportesi : Welcome to America. It never costs what you think. https://www.reuters.com/...