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Samsung Electronics is expected to hold a groundbreaking ceremony for a $17 billion chip fabrication plant in Taylor , Texas, next month, industry sources said on May 27, 2022. Samsung 's Austin office has recently shared the photo of the construction site and the preparation works for the massive construction via its newsletter, according to the sources. Leveling the ground for construction has almost finished, and workers are building the roads inside the 5 million-square-metre facility, which is around 1 1/2 times the size of Central Park in New York, reports Yonhap news agency . A groundbreaking ceremony is widely expected to take place at the site next month, with dignitaries and company officials in attendance. The company said it expected the facility to go fully operational in the second half of 2024. The tech giant announced in November it will build an advanced chip facility in Taylor to "help boost production of advanced logic … [Read more...] about samsung: Samsung’s groundbreaking ceremony for $27 billion US chip plant next month

Amazon.com Inc 's investor-led proposal to review its use of plastic won 49% support even as shareholders voted down all the 15 resolutions at the e-commerce giant's annual general meeting, a regulatory filing showed on Friday. It was the only proposal that came close to reaching the 51% mark for approval. Investors opposed resolutions that challenged the company's policies on various issues, including the treatment of workers and use of non-disclosure agreements. To be sure, about 13% of the company's voting stock is controlled by Founder and Executive Chairman Jeff Bezos , raising the bar for any effort to win a majority of investor support. The proposal for a report on whether Amazon cloud, surveillance and other capabilities contribute to human rights violation won 40% support. But an overwhelming 87% voted down a proposal calling Amazon to review worker safety. Only 39% of votes were in favour of a resolution related to unionisation of workers, but … [Read more...] about amazon: Amazon investor proposal to review plastic use narrowly fails to clear