Williamson County Judge Bill Gravell is the first to admit few people had heard of his small town of Taylor in Central Texas before South Korean conglomerate Samsung announced it was building its new $17 billion chip factory there.
"Today, Taylor, Texas might be better known around the world than any other city in central Texas," Gravell, the county's top elected official, said during a Wednesday interview.
Samsung has also struck an agreement with Canadian EPCOR Utilities Inc [RIC:RIC:EPCOR.UL] to build a water pipeline to the plant from Alcoa, 25 miles east of Taylor, Gravell said. "This plant will not affect any existing water sources, it's a brand new water source brought in by Samsung," he said.navigate international business talks"I wasn't necessarily sure how to negotiate with Koreans, I've never had that experience before," Gravell said. "I studied up and learned the chapters by heart.
Gravell said company executives told him they did not know the technical specifics of the chips to be manufactured at the new factory yet because today's technology might be outdated in a few years. Samsung said the plant, which is projected to create 2,000 high-tech jobs, would start production in the second half of 2024.Reporting by Tina Bellon in Austin, Texas; Editing by Karishma SinghSubscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
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