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Idaho-based Micron Technology is considering a chip plant in Central Texas. (Shutterstock)

One of the world’s largest semiconductor companies, Micron Technology Inc., is considering the Austin area for a new plant to expand its chipmaking, the Austin Business Journal reported.

As the current global shortage of semiconductors carries on, Idaho-based Micron Technology plans to invest more than $150 billion in the coming decade to expand chipmaking capabilities. Investment in the new site is rumored to be at $40 billion, an amount that would far outpace Samsung’s.

This scouting for sites comes in the wake of a major development for chipmaking in Central Texas. In November, Samsung announced that it selected Taylor, Texas as the site of its $17 billion chipmaking facility.

The Micron Technology plant is reportedly being considered in neighboring Caldwell and Williamson counties. They aren’t the only ones in the running, however. California and North Carolina are also being eyed as possible sites. And so is Arizona, where the Phoenix Business Journal says the operation could add 10,000 jobs if the state is selected.

Before Taylor ultimately won the Samsung plant, the tech giant had also considered Arizona and New York, but was drawn to Texas for its incentives program.

Micron Technology has an optimistic outlook for the year ahead. The chip maker's stock gained about 38% in the last three months and is heading toward its first record close in more than two decades.


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