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

SEOUL, Nov 24 (Reuters) – South Korean tech big Samsung Electronics Co Ltd (005930.KS) mentioned on Wednesday it had picked Taylor, Texas as the situation for a new $17 billion chip plant, as a substitute of state capital Austin.

The world’s largest reminiscence chipmaker and second-largest contract chip producer had additionally thought of websites in Arizona and New York however mentioned it selected Texas, the place it has its solely different U.S. chip plant, based mostly on elements such as infrastructure stability, native authorities assist, and proximity to its present plant.

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Reporting by Joyce Lee and Heekyong Yang; Editing by Stephen Coates and Chris Reese

Logos of Apple and Samsung are seen at a main shopping area following the coronavirus disease (COVID-19) outbreak in Shanghai, China September 24, 2020. REUTERS/Aly Song/Files

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