Samsung Picks Taylor, Texas, For $17 Billion Chip Factory: Report
On Tuesday, South Korean tech giant Samsung Electronics said it had not made a final decision on the location of a new $17 billion (about 130 crore) chip plant in the United States, after Wall The Street Journal reports it will be Taylor, Texas. .
WSJ said Texas Governor Greg Abbott was scheduled to make an “economic announcement” on Tuesday at 5pm (4:30am).
A site in Texas’ Williamson County, near the city of Taylor, offered the best package of all. Samsung was reviewed, sources previously told Reuters. The world’s largest memory chip maker said it is also considering locations in Arizona and New York.
The new factory is set to make advanced logic chips used to power mobile devices and self-driving cars, as the global auto industry faces a shortage of semiconductors. significant lead.
The plant will mark Samsung’s second chip plant in Texas, where it already makes chips at a factory in Austin.
Samsung is joining the competition TSMC and Intel in the race to expand chip manufacturing contracts in the United States, where the field is seen as a strategic area of competition with China. Our President Joe Biden’s The administration has promised billions of dollars in federal funding to boost chip production and research to ensure the country has an edge over China in advanced technologies and fill shortages for industries. as important as the automobile.
© Thomson Reuters 2021