Samsung Picks Taylor, Texas, For $17 Bln Chip Plant

Share post:

Korean electronics giant Samsung Electronics Co Ltd said it had not yet made a final decision on the location of a planned $17 billion chip plant in the United States, after the Wall Street Journal reported that the company had already chosen Austin, Texas.

Texas Governor Greg Abbott will make an “economic announcement” at 5 p.m. on Tuesday, according to the WSJ.

Williamson County, near the town of Taylor in the state of Texas, presented the best incentive package among the sites Samsung was considering, and the tech giant has also said it is considering possible locations in Arizona and New York.

The new plant will manufacture advanced logic chips for powering mobile devices and autonomous vehicles, and will hopefully expand the global inventory amid ongoing chip shortages.

Together with rivals TSMC and Intel, Samsung is expanding chip contract manufacturing in the US to compete with China.

For more information, you may view the original story from Reuters.


Related articles

Apple faces backlash over recent ads

Apple is currently facing significant public backlash due to a controversial advertisement featuring a hydraulic press crushing various...

 Google executives face employee concerns amid profitsurge

At a recent all-hands meeting, Google employees voiced significant concerns regarding morale, cost-cutting measures, and the impact of...

Spotify CEO confesses to “rough times after layoffs” – stock price rises

In December, Spotify CEO Daniel Ek announced the largest round of layoffs in the company's history, cutting 1,500...

Zuckerberg shares his vision with investors and Meta stock tanks

In an era where instant gratification is often the norm, Meta CEO Mark Zuckerberg’s strategic pivot towards long-term,...

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways