Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Instagram Outage Disrupts Thousands of U.S. Users 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Samsung C&T, the South Korean electronic company’s unit, is said to be thinking of establishing its own solar power plants that will entail a $673 million investment. The plan is to set it up in Texas, U.S.A. and the main goal is to sell the harvested electricity to the said state starting in December 2023.
The news was first reported by Reuters after reviewing documents related to Samsung C&T’s possible construction of solar power plants in the U.S. In case the project pushes through, the plants will be set up in Milam County, which is just a 2-hour drive from Samsung Electronics’ chip factory.
Solar factory details
Based on the report, the Samsung C&T will start construction in June 2022 once everything is finalized. The plants are estimated to have a capacity for the generation of 700 megawatts of electricity.
At this point, the S. Korean company is working on the approval of building the solar power plants in Texas. This has been confirmed by a company official, but it was mentioned that Samsung Electronics is not talking about the project that its renewable firm unit is trying to get investors for.
This is a good investment for Samsung as the solar and wind power business is predicted to become even bigger since more and more nations around the world are starting to ditch fuel fuels to help save the Earth. Many companies are shifting to cleaner renewable sources of power as this is the only way to help stop global warming.
Samsung C&T vowed to contribute to the reduction of carbon footprints
The company said in October of last year that it would put its coal-related projects on hold, and this includes the ones it invested in. Along with Intel and Taiwan Semiconductor Manufacturing Co. (TSMC), Samsung Electronics vowed to amplify the utilization of renewable energy to lower their carbon emissions.
At any rate, Maeil Kyeongje News also obtained the documents that Samsung C&T submitted for its plan to build its Texas solar power plants. It was said that the power that the plants will generate is enough to supply electricity to 200,000 households in the region.
Finally, under the investment venture, Samsung C&T will construct solar power farms across three zones in Texas, and their total area is 21.8 million square meters.
