Samsung Electronics Co.'s chip plant in Austin, Texas would need a "couple of weeks" to return to normal operations following a power outage.
The power blackouts in Texas were caused by a winter storm last month.
Samsung reportedly sent engineers to the Austin facility to minimize damage and hasten the return to normal production levels.
The Austin plant has not been operating since Feb. 16. It was the first time production was halted there.
There is growing speculation that the world's largest memory chip producer is pushing to expand its semiconductor production in the region. Samsung has submitted a revised tax credit proposal to Texas authorities over its potential new chip plant.
The South Korean tech giant is still inspecting other US sites for the project, including two in Arizona and one in New York.
Last month, Samsung asked Texas authorities for tax abatement over 20 years, worth US$805.5 million, for its new chip facility in Austin.


Zabka Shares Drop 10% as Seven & i Abandons Investment Plans
Nvidia Invests $1 Billion in Naver as South Korea AI Data Center Expansion Gains Momentum
Johnson & Johnson Proposes $5.5 Billion Talc Settlement to Resolve U.S. Ovarian Cancer Lawsuits
Air Liquide Q2 Sales Growth Tops Forecast as Electronics Business Drives Strong Performance
Tech Stock Positioning Nears Neutral as Investor Rotation Enters Final Phase, Deutsche Bank Says
Shein Reports $99 Million Loss Ahead of Hong Kong IPO as U.S. Tariffs Hit Sales
Meta CEO Zuckerberg Opposes U.S. Ban on Chinese AI Models, Warns Against Overregulation
Unilever Raises 2026 Sales Outlook After Strong Q2 Volume Growth
CATL Shares Jump as $5.6 Billion Buyback Signals Confidence in Long-Term Growth
AstraZeneca Q2 Earnings Beat Forecasts as Oncology Growth Supports 2026 Outlook
Uber Stock Falls as Waymo Plans to End Robotaxi Partnership by 2028
BHP, Port Hedland Unions Fail to Reach Wage Deal as Negotiations Continue
X Challenges Australia’s Expanded Social Media Ban Enforcement Powers
ASML, Applied Materials Slide as China DUV Chip Equipment Breakthrough Sparks Market Jitters
Serica Energy to Acquire Pharos Energy for £145.7M, Sending PHARP Shares Soaring
Stellantis Sells Free2move Car-Sharing Business to Mutares to Strengthen Core Auto Strategy
CXMT IPO Debut in Shanghai Puts $85.5 Billion Chipmaker in Spotlight 



