Samsung Electronics has chosen the city of Taylor in Texas for its planned $17bn US chip plant as the South Korean technology giant responds to the Biden administration’s push for expanding semiconductor production in the US.
The new plant will be Samsung’s most advanced semiconductor facility and help the world’s largest memory chipmaker catch up with Taiwanese rival TSMC in the foundry sector, the lucrative market for producing non-memory processor chips for other companies.
The announcement comes as Washington urges tech companies such as Samsung to build more plants in the US amid global chip wars sparked by a prolonged shortage that has affected many industries from automobiles to home appliances.
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