South Korean tech giant Samsung Electronics  said on Tuesday this had not made a final choice on the location of a new $17 billion (roughly Rs. 130 crore) chip seed in the United States, after the Wall Street Journal documented it would be Taylor, Texas.

The WSJ said Texas Governor Greg Abbott has been scheduled to make an “economic announcement” on Tuesday at 5pm  (4: 30am).

A site in Texas’s Williamson County, near the associated with Taylor, offered the best bonuses package of the sites Samsung was considering, sources previously told Reuters. The tour’s biggest memory chipmaker has said it is also considering sites inside Arizona and New York.

The new plant is placed to make advanced logic potato chips used to power mobile devices plus autonomous vehicles, as the global auto industry faces a substantial semiconductor shortage.

The factory would tag Samsung’s second chip manufacturing plant in Texas, where this already manufactures chips at a plant in Austin.

Samsung is joining competitors TSMC and Intel in the race to expand nick contract manufacturing in the United States, in which the sector is seen as an area of strategic competition with Tiongkok. US  President Joe Biden’s administration has promised billions of dollars in federal funding to boost chip manufacturing plus research to ensure it has an advantage over China in superior technologies and to address shortages for critical industries want autos.

© Thomson Reuters 2021

Samsung to Pick Taylor, Texas, for the $17-Billion Chip Plant: Statement