US Stock Futures Steady as US-Iran Tensions and Fed Inflation Concerns Weigh on Markets 
US Back-to-School Spending Seen Falling as Families Focus on Essentials 
Gold Price Rebounds as U.S.-Iran Tensions and Fed Minutes Keep Markets on Edge 
China Inflation Cools in June as Producer Prices Hit Four-Year High 
Mizuho’s Top U.S. Industrials Stocks: Why Corteva and Stanley Black & Decker Stand Out 
Chinese Chip Stocks Jump as Apple Reportedly Tests CXMT Memory Chips for China Devices 
Bernstein Raises 2026 Nickel Price Forecast as Indonesia Tightens Supply 
Fast Retailing Raises Full-Year Forecast After Uniqlo Owner Beats Q3 Profit Estimates 
Zhipu AI Raises HK$31.37 Billion in Discounted Share Sale to Accelerate AI Growth 
Barclays Downgrades Siemens Energy as Valuation Seen Near Peak 
OpenAI GPT-5.6 Set for Wider Release After U.S. Commerce Approval, Report Says 
Lockheed Martin, Rheinmetall Plan First ATACMS Missile Production in Germany 
Venezuela Earthquake Death Toll Climbs to 3,811 as Government Seeks Sanctions Relief 
Iran Targets U.S. Bases in Bahrain, Kuwait as Hormuz Conflict Escalates and Oil Prices Jump 
Asia Stocks Fall as Samsung Earnings Fail to Ease AI Valuation Concerns 
Oil Prices Rise as U.S.-Iran Conflict Fuels Strait of Hormuz Supply Fears 
RBNZ Raises Interest Rates to 2.50%, Signals More Tightening as Inflation Risks Persist 
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.
