Texas wins contest to host Samsung's new $17 bln chip plant

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Moments from 2021: Samsung said it had picked Taylor, Texas, as the location for a new $17 billion plant to make advanced chips for functions such as mobile, 5G, high-performance computing and artificial intelligence

Texas beats Arizona, New York for new plant locationSEOUL/AUSTIN, Texas, Nov 24 - Samsung Electronics Co Ltd

said on Wednesday it had picked Taylor, Texas as the location for a new $17 billion plant to make advanced chips for functions such as mobile, 5G, high-performance computing and artificial intelligence. The plant would create 2,000 high-tech jobs with construction to begin in the first half of next year, and production due to start in the second half of 2024, the South Korean tech giant said. It would also create at least 6,500 construction jobs, Texas Governor Greg Abbott said.

The world's biggest memory chipmaker and second-largest contract chip manufacturer had also considered sites in Arizona and New York for the plant, which will be much bigger than its only other U.S. chip plant in Austin, Texas.The company said it chose Texas based on factors such as infrastructure stability, government support and proximity to its existing plant.

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