Samsung to Build Chip Plant in Texas: The South Korean electronics company today will announce it is building its first U.S. computer chip factory, near Austin. The facility will cost about $1.5 billion to build and equip. It will employ up to 1,600 people when production begins in 1997. Samsung chose central Texas over a site in Hillsboro, Ore., near Portland, where Intel Corp. and Fujitsu Microelectronics Inc. operate manufacturing plants. Several other companies--notably Advanced Micro Devices Inc. and Texas Instruments Inc.--make computer chips in the Austin area. The city is also home of Sematech, a consortium researching advanced methods to make chips.