Samsung to pick Taylor, Texas for its $17billion chip plant

South Korean tech giant Samsung Electronics Co Ltd said on Tuesday it had not made a final decision on the location of a new $17 billion chip plant in the United States.

The announcement follows the Wall Street Journal’s report that the plant would be at Taylor, Texas.

A site in Texas’s Williamson County, near the city of Taylor, offered the best incentives package of the sites Samsung was considering.

Samsung has said it is also considering sites in Arizona and New York.

The new plant is set to make advanced logic chips used to power mobile devices and autonomous vehicles, as the global auto industry faces a significant semiconductor shortage.

The factory would mark Samsung’s second chip factory in Texas, where it already manufactures chips at a plant in Austin.

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