Dec 8, 2021
Chris Lloyd Discusses Samsung’s $17B Semiconductor Chip Factory Plan, Global Shortage Implications
A Nov. 23, 2021, story in CoStar quoted McGuireWoods Consulting senior vice president and director of infrastructure and economic development Chris Lloyd about Samsung’s decision to build a $17 billion semiconductor chip-making factory in Taylor, Texas. Lloyd is also chairman of the Site Selectors Guild.
Lloyd described the move as the latest example of growth in the United States’ semiconductor industry. “Many of the global players in the semiconductor industry continue to scout for sites in the U.S.,” he said. “We’re in a semiconductor shortage … driven somewhat by COVID but also because semiconductors are becoming pervasive in everything — it’s not just in your laptop or in your phone, it’s in your car, your thermostat and your doorbell.”
Lloyd also remarked on the size of the investment. According to the article, quoting data from the U.S. Bureau of Economic Analysis, California received a total of $17.8 billion in foreign direct investments in 2020, and Texas received $18.6 billion — combined tallies of investments spread across multiple companies and projects, not just a single project.
“As far as one single announcement, this is pretty staggering,” Lloyd said.