Sunday, November 28

WSJ “Samsung Electronics, U.S. Foundry 2nd Factory Location Taylor City”

The Wall Street Journal reported on the 22nd local time that Samsung Electronics has decided to set the site for its second factory in the US for consignment production of semiconductors in Taylor City, Texas.

The WSJ, citing sources, said that an official announcement would be made as early as the 23rd.

Governor Greg Abbott is due to make an economic announcement at around 5 p.m. local time.

In this regard, a spokesperson for Samsung Electronics said, “A final decision regarding the location has not yet been made.”

Samsung Electronics Vice Chairman Lee Jae-yong, who was visiting the United States earlier, recently met with key lawmakers and high-ranking White House officials in Washington DC to discuss overall semiconductor supply chain issues, including the second semiconductor plant.

It is understood that Vice Chairman Lee made a de facto decision to invest in a US foundry factory and explained it to the White House.

The city of Taylor, which is adjacent to Austin, Texas, where the first foundry factory of Samsung Electronics is located, made special efforts to attract Samsung’s $17 billion investment, promising unprecedented incentives.

(Photo = Yonhap News)

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