Samsung picks Texas site for advanced US chip plant

Samsung will build an advanced chip plant in Texas, US as the Biden administration prioritised more chip production to be done in the country. — REUTERS

Samsung Electronics Co. has decided to build an advanced US chip plant in Texas, a project that marks a win for a Biden administration that has prioritised supply chain security and expanding semiconductor capacity on American soil.

South Korea’s largest company has decided on Taylor, close to its existing manufacturing complex in Austin, a person familiar with the matter said. Samsung and Texas officials will announce the decision Tuesday afternoon, according to people familiar with the matter, asking not to be identified because the news hasn’t been made public.