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Samsung's Texas iPhone chip factory gets go-ahead for $3.9 billion investment

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samsung stock buildings
samsung stock buildings

We heard back in August that Samsung was looking to expand production at its iPhone processor factory in Texas with a huge investment, and today it seems like we're a step closer to that happening. Reuters reports that Samsung has finished its talks with Texas authorities, meaning that the $3.9 billion expansion can proceed as planned. Once completed, it'll be the largest such investment from a foreign company in state history.