In context: Semiconductor demand is surging and an ongoing shortage of chips has pushed companies and governments to invest large amounts of money into establishing production capabilities outside of Asia. Samsung has big plans to conquer semiconductors and other fundamental industries, and volition exist spending $205 billion towards those goals. A $17 billion clamper of that fund volition go toward edifice a new chip plant in the U.s.a., nigh likely in 1 of two cities in Texas.

Earlier this week, Reuters reported that Samsung was evaluating two locations in the country of Texas for the construction of a new 5nm fleck manufacturing plant, after condign enlightened of plans to offer extensive holding tax breaks for tech giants looking to bring their business to the region.

One of the locations is Austin, which is already abode to one of Samsung's manufacturing facilities, while the other is the city of Taylor in Williamson Canton. Commissioners from Williamson County forth with the Taylor Metropolis Council were unanimously in favor of the proposal, and an possessor of the Texas Beer Company promised to create a Samsung co-branded Pale Ale beer if the company ever decided to get ahead with such a project.

Image: Samsung's Austin, Texas chip establish

However, a Samsung spokesperson explained that "no conclusion has been made by Samsung on a site for a potential expansion. All sites are under consideration and each community is performing the appropriate due diligence to put themselves in the best position for this opportunity. The actions past Williamson County and the City of Taylor are part of their due diligence."

Taylor metropolis officials are no dubiety excited about the project, as it's expected to create one,800 jobs for the chip fab, as well as anywhere betwixt 6,500 to ten,000 construction jobs. The facility would occupy an surface area of over 1,100 acres (4.45 foursquare kilometers), which is much larger than the 350 acres Samsung had previously bought for its Austin manufacturing plant.

That said, Taylor and Austin are only ii of 5 potential locations under review by Samsung for what is internally called the "Star Project." Austin is reportedly non as bonny for the tech giant after an extended ability outage in February led to a temporary shutdown of the existing manufacturing plant at that place -- a $350 million loss. Phoenix and New York sites are too under consideration, but fifty-fifty less probable than the Austin site.

Samsung wants to start construction on the new chip manufacturing plant in early 2022 and have it operational past the end of 2024, so it won't be long before it'll denote its determination on the location of the new facility.