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Samsung announces a new semiconductor facility in Texas
CBSN
South Korean electronics giant Samsung said it plans to build a $17 billion semiconductor factory outside of Austin, Texas, amid a global shortage of chips used in cars, phones, tablets, video game consoles and other electronic devices.
"This is the largest foreign direct investment in the state of Texas, ever," Governor Greg Abbott said in announcing the project Tuesday.
Samsung said it will start building the plant next year and hopes to begin operations in the second half of 2024. The company chose the site based on government incentives and the "readiness and stability" of local infrastructure, Samsung Vice Chairman Kinam Kim said during a press conference with Abbott.
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Vice President JD Vance and Ukrainian President Volodymyr Zelenskyy held a high-stakes meeting at this year's Munich Security conference to discuss the Trump administration's efforts to end the war in Ukraine. Vance said the U.S. seeks a "durable" peace, while Zelenskyy expressed the desire for extensive discussions to prepare for any end to the conflict.
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Washington — The Trump administration on Thursday intensified its sweeping efforts to shrink the size of the federal workforce, the nation's largest employer, by ordering agencies to lay off nearly all probationary employees who hadn't yet gained civil service protection - potentially affecting hundreds of thousands of workers.
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It was Labor Day weekend 2003 when Matt Scribner, a local horse farrier and trainer who also competes in long-distance horse races, was on his usual ride in a remote part of the Sierra Nevada foothills — just a few miles northeast of Auburn, California —when he noticed a freshly dug hole along the trail that piqued his curiosity.