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Samsung Elec picks Taylor, Texas as new $17 billion U.S. chip plant site

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Reuters

SEOUL (Reuters) – South Korean tech giant Samsung Electronics Co Ltd said on Wednesday it had picked Taylor, Texas as the location for a new $17 billion chip plant to make advanced chips for functions such as mobile, 5G, and artificial intelligence. The plant would create 2,000 high-tech jobs with construction to begin in the first half of next year, and production due to start in the second half of 2024, Samsung said in a statement. The world’s biggest memory chipmaker and second-largest contract chip manufacturer had also considered sites in Arizona and New York for the plant, which will be …

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