Samsung, which is among the leading chipset manufacturers, is gearing up to set up its new chip production plant in the United States. For that, the South Korean giant had shortlisted two potential locations.

Now, the company has officially confirmed that it has chosen a site close to the city of Tylor in Texas for its new chip manufacturing plant. For this, Samsung will be making an investment of $17 billion — its biggest-ever in the United States.

The plant is expected to create some 2,000 technology industry jobs, with construction starting early next year. It is expected to be operational by the second half of 2024.

Kinam Kim, chief executive of Samsung electronics device solutions said: “With greater manufacturing capacity, we will be able to better serve the needs of our customers and contribute to the stability of the global semiconductor supply chain.”

It has also been announced from the governor’s office that the company would get a $27 million grant for creating jobs in the state. Samsung is one of the world’s largest manufacturers of chips with more than 20,000 employees across the US.

The new chips made at this new Texas facility will be used in a range of technologies and devices, including mobile phones, 5G, high-performance computing, and artificial intelligence, among others.

Earlier, a proposed resolution posted on the Taylor city’s website showed that for the land Samsung will use, it is set to be offered a grant equivalent to 92.5% of assessed property tax for 10 years, 90% for the following 10 years, and then 85% in the 10 years after that.

RELATED:

• Samsung sees strong smartwatch sales in Q3 2021, narrows gap with Apple
• iPhone 13 series demand rises in the U.S. due to lack of Samsung phones in the market
• Samsung showcases foldable techs and OLED innovations on a dedicated OLED microsite
• Samsung’s next Charger may fast charge them all!
• Samsung Galaxy A13 5G appears in the user manual ahead of the launch

The post Samsung chooses Texas for its new $17 billion chip manufacturing plant in the United States appeared first on Gizmochina.

Samsung, the South Korea-based technology giant is gearing up to set up its new chip production plant in the United States and the company has shortlisted two potential locations for the same.

The city of Taylor and Austin are the two locations and now one of them, Taylor, is planning to offer extensive property tax breaks if it is chosen by the South Korean tech giant for the chip plant, reports Reuters.

The new plant by Samsung for manufacturing chips is worth around $17 billion and is set to create 1,800 new jobs. The company has also said it is looking at other potential sites in Arizona and New York but other potential sites have not yet disclosed planned tax breaks.

A proposed resolution posted on the Taylor city’s website shows that for the land Samsung will use, it is set to be offered a grant equivalent to 92.5% of assessed property tax for 10 years, 90% for the following 10 years, and then 85% in the 10 years after that.

Apart from that, a 92.5% tax waiver on new property built on the site for 10 years and the repayment of development review costs is also a part of the plan. The proposed resolution will be considered this week by Taylor City Council and Williamson County Commissioners.

For those who are unaware, Taylor is located around 25 miles away from Austin and is about 1,187.5 acres in size, much bigger than the Austin site. Samsung last year purchased more than 250 acres in Austin, which is in addition to the 350 acres it owns that includes its sole U.S. chip factory.

If the location is finalized by Samsung, then work on this new plant should start by the first quarter of next year with a production commencement target of end-2024. We’ll just have to wait and watch to know which city Samsung finally decides to set up its new plant.

RELATED: 

• Samsung Galaxy M22 gets listed on Samsung Singapore and Malaysian support page
• Samsung has sold its $1.3 billion stake in China’s BYD
• Samsung Galaxy S22 lineup may feature Snapdragon 898 in India
• Samsung Galaxy Wide5, the rebranded Galaxy F42 5G spotted on GeekBench with Dimensity 700 SoC

The post Texas plans to offer Samsung large property tax breaks to build chip plant appeared first on Gizmochina.

A plant owned by Unimicron Technology, which makes printed circuit boards (PCBs) caught fire on Wednesday in which one person has suffered minor injuries while two others have been rescued by the firefights.

As per the report coming from Taiwanese media, after an emergency call, Taoyuan City Fire Department sent 67 firefighters, 19 fire engines, and three ambulances to the site to battle the fire and support rescue efforts.

EDITOR’S PICK: USA is allowing companies to supply chips to Huawei as long as it’s not for 5G business

While the cause for the fire is being investigated by the fire department, firefighter squad chief Lai Chih-Chung has said that the preliminary findings indicate that the fire might have started in the central air-conditioner room which is located on the first floor of the building.

The company has said that it is still evaluating its losses from the incident. While Unimicron has not revealed many details yet, it is being said in the market that the fire could disrupt the company’s supply chain.

Unimicron Technology is also a supplier for Apple and is reportedly one of the major suppliers for the substrate-like PCB for iPhone 12 models. Currently, it is not known how if this fire will affect supply for the iPhone, for which Apple is reportedly increasing production because of market demand.

UP NEXT: Morgan Stanley claims that the recent decline in air quality in Chinese cities is due to iPhone 12 production

The post Apple supplier Unimicron Technology’s plant catches fire in Taiwan appeared first on Gizmochina.