Varney: Samsung picking Texas for gigantic chip plant ‘another win’ for Republicans

0
14

FOX Business’ Stuart Varney, during his latest “My Take” on “Varney & Co.,”  said Samsung Electronics Co. picking Texas to build a roughly $17 billion chip-making plant is “another win for Republicans.”

SAMSUNG PLANS TO BUILD $17 BILLION CHIP-MAKING PLANT IN TEXAS

STUART VARNEY: Another win for a Republican state: Samsung chooses Texas for its gigantic $17 billion semiconductor plant. 

A formal announcement comes this afternoon. Reportedly, they’re going to build in Taylor, a small town about 30 miles from Austin.

Texas is on its way to becoming a major high-tech center: Intel is hiring 1,700 for its design campus in Austin. Elon Musk is moving Tesla’s headquarters there too.

Why Texas? Because it’s a pro-business state. The executives and hi-tech workers flooding in, face very low taxes, a minimum of…

Read more…