How a little Texas town snagged a $17 billion Samsung chip plant deal


FILE PHOTO: The logo of Samsung is seen on a building during the Mobile World Congress in Barcelona, Spain February 25, 2018. REUTERS/Yves Herman

AUSTIN, Texas (Reuters) - Williamson County Judge Bill Gravell is the first to admit few people had heard of his small town of Taylor in Central Texas before South Korean conglomerate Samsung announced it was building its new $17 billion chip factory there.

The Electronics Co Ltd plant, which is expected to produce advanced high-performance chips, is hailed by local, state and U.S. officials as an important step in shoring up domestic chip supply and reducing dependence on Chinese production.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Opinion: Apple's latest iPad update means even fewer reasons to buy a laptop
South Korea prepares support package worth over $7 billion for chip industry
Study: AI chatbots that simulate the dead risk haunting the bereaved
Opinion: Buying a new phone? Why you shouldn't pay more for extra storage
Apple's Maryland store workers vote to authorize strike
Review: ‘Sand Land’ shows depth of ‘Dragon Ball’ creator’s imagination
Musk sees fourth flight of SpaceX's Starship in 3-5 weeks
Arm Holdings plans to launch AI chips in 2025, Nikkei reports
Musk's Starlink satellites disrupted by major solar storm
Learn programming in space in free app ‘Rabbids Coding!’ (PC/mobile)

Others Also Read