Samsung intends to build 11 chip factories in Texas in the next 20 years, worth about 200 billion U.S. dollars.

$SAMSUNG EL 144 (SSNGY.US)$ $Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ $PHLX Semiconductor Index (.SOX.US)$ Samsung is reportedly considering building 11 chip factories in Texas over the next 20 years, which could be worth close to $200 billion and create more than 10,000 jobs. Most of the new fabs will go into operation in 2034, but two fabs may not go into operation until 2042, the media noted, citing documents.

Samsung recently announced plans to build a $17 billion semiconductor plant in Tyler, Texas, while the 11 potential new plants could also be located in the state. Two are in Austin and the remaining nine are in Tyler. Of the 10,000 jobs, about 1,800 would be in Austin and another 8,200 in Tyler. Samsung currently produces chips for companies such as IBM $IBM Corp (IBM.US)$ , Nvidia $NVIDIA (NVDA.US)$ , Qualcomm $Qualcomm (QCOM.US)$ and itself.