New plant in US will help ease global chip shortage, says Samsung

Samsung Electronics said on Wednesday it has selected the city of Taylor in Texas, the US, as the site of its new $17 billion chip fabrication plant, a move to boost production amid a global chip shortage.

The decision came five months after the tech giant announced a plan to build a second, next-generation chip plant in the United States, and as the chip supply crunch caused global automobile and consumer electronics companies to slash their production.

Samsung said it had considered multiple factors, including “the local semiconductor ecosystem, infrastructure stability, local government support and community development opportunities.”