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The latest update is out from Samsung Electronics ( (GB:SMSN) ).
Samsung Electronics has announced a significant investment of over USD 37 billion in a new semiconductor plant in Texas, USA, in partnership with the U.S. Department of Commerce under the CHIPS Act. This strategic move aims to boost Samsung’s production capacity for advanced system semiconductors and contribute to the stabilization of the global semiconductor supply chain, with operations expected to start in 2026, though timelines and investment amounts may change based on market conditions.
More about Samsung Electronics
Samsung Electronics is a major player in the electronics industry, specializing in the production of a wide range of electronic devices and components, including semiconductors. The company is known for its cutting-edge technology and innovation, with a significant focus on expanding its presence in the semiconductor market to meet global demands.
YTD Price Performance: -38.68%
Average Trading Volume: 20,147
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $243B
See more data about SMSN stock on TipRanks’ Stock Analysis page.
