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Samsung To Select Taylor, TX For Its $ 17 Billion Chip Factory: Report

South Korean tech giant Samsung Electronics said Tuesday it had not made a final decision on the location of a new $ 17 billion (roughly Rs 130 crore) chip factory in the US after the Wall Street Journal reported it would be Taylor, Texas. …

WSJ said Texas Gov. Greg Abbott was scheduled to make an “economic announcement” Tuesday at 5:00 pm (4:30 am).

Sources previously told Reuters that a site in Williamson County, Texas, near Taylor, offered the best incentive package of any site Samsung reviewed. The world’s largest manufacturer of memory chips said it is also considering deployments in Arizona and New York.

The new plant will produce advanced logic chips used to power mobile devices and autonomous vehicles as the global automotive industry faces significant semiconductor shortages.

This plant will be Samsung’s second chip factory in Texas, where the company is already making chips at its Austin plant.

Samsung is joining rivals TSMC and Intel in the race to expand contract chip manufacturing in the United States, where the sector is seen as an area of ​​strategic competition with China. The administration of US President Joe Biden has pledged billions of dollars in federal funding to develop chip manufacturing and research to provide an edge over China in advanced technology and address shortages in critical industries such as automobiles.

© Thomson Reuters 2021



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