COMPANIES

Samsung plans to build $17 billion chip-making plant in Texas

Samsung plans to build a roughly $17 billion chip-making plant in Taylor, Texas, according to people familiar with the matter, a mega investment by the South Korean tech giant, as the Biden administration pushes for an expansion of U.S. semiconductor production.

Intel’s earnings dented by chip shortage

Intel Corp. disappointed investors even as it posted stronger third-quarter earnings and raised its full-year sales outlook, as global chip shortages eat into potential sales.