Taylor city in Texas likely to host Samsung’s new US chip plant

The global semiconductor industry is keeping a close eye on whether Taylor, a city located in Williamson County of Texas and the most probable site for Samsung’s new foundry plant, will land the deal according to the market projections. Taylor is located about 50 kilometers northeast of Austin, where the company’s current foundry facilities are housed.

The US Department of Commerce will host the third round of White House semiconductor summit on Sept. 23, local time, with chief executives of major global companies, reported Bloomberg. The meeting will have the US Commerce Secretary Gina Raimondo, White House economic adviser Brian Deese as well as Intel CEO Pat Gelsinger and Samsung Electronics president of foundry division Choi Si-young among the participants.

The officials and the executives will discuss the ongoing global chip shortage and the expansion of manufacturing facilities within the US. The commerce department added that the business impact of the delta variant on the global semiconductor supply chain will also be discussed.

Samsung will likely share the specific site of its new US plant during the summit. While Samsung announced in May its plan to invest $17 billion in the US to build a next-generation foundry plant, the company has not confirmed its final selection of the site yet.

But with the group’s construction unit Samsung C&T Corp. and other relevant units recently reported to have completed the selection of employees to be stationed at the new plant site, insiders note that Samsung’s announcement on its final site selection is more imminent than ever. All semiconductor plants of Samsung Electronics around the world to date have been built by Samsung C&T for security reasons.

Samsung is projected to receive $3 billion from the US federal government in direct support and $1 billion from local governments in utilities deduction. Local media outlets in Taylor also reported that the city has offered a 20-year corporate tax rebate for Samsung.

Write to Su-bin Lee at lsb@hankyung.com
Daniel Cho edited this article.