Home Technology Samsung to select Taylor, Texas, for its $17 bln chip plant

Samsung to select Taylor, Texas, for its $17 bln chip plant

by News Updater

South Korean tech big Samsung Electronics Co Ltd mentioned on Tuesday it had not made a closing choice on the placement of a brand new $17 billion chip plant in the US, after the Wall Avenue Journal reported it might be Taylor, Texas.

The WSJ mentioned Texas Governor Greg Abbott was scheduled to make an “economic announcement” on Tuesday at 5 p.m. In response to reuters report a website in Texas’s Williamson County, close to the town of Taylor, supplied the perfect incentives package deal of the websites Samsung was contemplating.
The brand new plant is about to make superior logic chips used to energy cell units and autonomous autos, as the worldwide auto business faces a major semiconductor scarcity.
The manufacturing facility would mark Samsung’s second chip manufacturing facility in Texas, the place it already manufactures chips at a plant in Austin.
Samsung is becoming a member of rivals TSMC (2330.TW) and Intel (INTC.O) within the race to increase chip contract manufacturing in the US, the place the sector is seen as an space of strategic competitors with China.
U.S. President Joe Biden’s administration has promised billions of {dollars} in federal funding to spice up chip manufacturing and analysis to make sure it has an edge over China in superior applied sciences and to deal with shortages for important industries like autos. 

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