Electronics giant Samsung announced plans to build a $17 billion semiconductor factory in Taylor, Texas amid a global shortage of chips.
The South Korean conglomerate said in a press release that the investment is their largest ever and will “improve supply chain resilience of crucial logic chips”.
The new plant in the city of Taylor will be roughly 30 miles away from Samsung’s existing plant in Austin, Texas and will be larger in size.
Texas Governor Greg Abbott said that the new facility will “play a major role in our state’s continued exceptionalism in the semiconductor industry.”
In the statement, Samsung noted that the decision to build a plant in Taylor was influenced by the Texan city’s local semiconductor ecosystem, government incentives, and local infrastructure.
Earlier this year, the company had been weighing over building the new U.S. plant in Texas, Arizona, or New York, according to sources of the Wall Street Journal.
The expansion is estimated to directly create over 2,000 high-skilled jobs, Samsung noted, and the company pledged to contribute to the community by setting up a “Samsung Skills Center” for the Taylor Independent School District.
© Fourth Estate® — All Rights Reserved.
This material may not be published, broadcast, rewritten or redistributed.