How a small Texas town robbed a $ 17 billion Samsung chip plant deal

Austin, Texas: Judge Bill Gravel of Williamson County heard about Taylor, his small town in central Texas, before the Korean chaebol Samsung announced that it would build a new $ 17 billion chip factory. The first person to admit that few have.

Electronics Co Ltd’s factory, which is expected to produce high-performance chips, is welcomed by local, state, and US officials as an important step in strengthening domestic chip supply and reducing dependence on China’s production. It has been.

“Today, Texas tailors may be better known around the world than any other city in central Texas,” Gravel, the county’s highest-elected official, said in an interview Wednesday. Told.

Gravell said the success of Tuesday’s announcement was in direct collaboration with Texas Governor Greg Abbott’s office and was personally involved in securing power to the plant with Sempra Energy’s Oncor Electric Delivery Co. ..

According to Gravell, Oncor CEO Allen Nye met Samsung president Jung-bae Lee earlier this year in Austin, where industrial users on Oncor’s network saw a major Texas snowstorm last winter. I assured that I was not hit by a power outage.

Samsung also agreed with Canada’s EPCOR Utilities Inc to build a water pipeline from Alcoa to the plant, 25 miles (40 km) east of Taylor, Gravell said.

“This plant does not affect existing water sources. It is a brand new water source brought by Samsung,” he said.

The county judge said state officials from the Department of Economic Development also helped him navigate international business negotiations and recommended him a book on Asian culture.

“I didn’t always know how to negotiate with Koreans. I’ve never had such an experience. I memorized and learned chapters,” Gravel said.

Samsung has not specified what the new plant will build beyond the advanced logic chips that can be used to power mobile devices and self-driving cars.

According to Gravel, company executives said the technical details of the chips manufactured at the new plant are still unknown, as today’s technology can become obsolete in a few years.

Samsung said the plant, which is expected to create 2,000 high-tech jobs, will begin production in late 2024.

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How a small Texas town robbed a $ 17 billion Samsung chip plant deal

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