Apple said on Wednesday it is working with Samsung Electronics at the latter's chip production plant in Texas to "to launch an innovative new technology for making chips."

Apple (AAPL) is working with Samsung (SSNLF) at its fab in Austin, Texas, to launch a new technology for making chips, the iPhone maker said after announcing a $100B investment in the U.S. at a White House event.

Samsung Electronics Co. will produce Apple Inc.'s next-generation chip at its chip foundry plant in Austin, Texas, the U.S. tech giant said Thursday. In a press release, Apple said it is working with Samsung at its semiconductor plant in Austin to develop an innovative new chip manufacturing technology