Thread by @RussellSieg

What is President Biden doing to address the semiconductor chip shortage???

Oh.

#Samsung
washingtonpost.com/business/2021/…

The South Korean electronics giant has been in discussions with local officials about a possible chip factory in the small town of Taylor, in Williamson County, outside of Austin.
archive.ph/HGBaR

Documents made public by the county show that Samsung plans to spend $6 billion on buildings and $11 billion on machinery and equipment for a 6 million square foot facility. Under its agreement with local officials, the company is require to complete construction by January 2026.

Williamson County, which estimates the investment will create about 1,800 direct jobs & as many as 10,000 construction jobs, agreed to waive 90% of the company’s property taxes for 10 years if it met certain hiring and investment targets, according to the county’s website.

Now we'll have Samsung's and Taiwan Semiconductor (TSMC)'s big chip plants built during Biden's first term 💪

Remember Trump's Fake News Foxconn chip plant in Wisconsin? #LOLGOP 🤣