Technology

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.

GM eyes electric boats in new investment

General Motors has acquired a 25% stake in Pure Watercraft, a Seattle-based company specializing in electric boats and outboard motors, at a $600 million valuation.