June 27, 2024

Round Rock Partners with Williamson County EDP and U.S. Embassy to Host Korean Semiconductor Suppliers in Central Texas

Last week, the Williamson County Economic Development Partnership (EDP), in collaboration with the U.S. Embassy in Seoul, Korea, hosted Korean semiconductor suppliers as part of a successful two-day spinoff event from the SelectUSA Summit. This event fostered business opportunities between companies looking to establish or expand their presence in the U.S. and the state of Texas.

Korean semiconductor companies are increasingly seen as key suppliers in the U.S. to support the larger semiconductor industry, including Samsung’s $45B investment in Taylor, TX. Known for its robust economy and business-friendly environment, Texas is an ideal destination for these companies. This event created the opportunity for lasting partnerships that promise mutual growth and innovation for both Korean and U.S. businesses.

The event brought together business leaders, local government officials and economic development representatives to discuss opportunities available in the region. Company representatives were introduced to the local business climate through informative sessions and personal one-on-ones with economic development representatives from Williamson County communities. They also met with key state officials to understand the broader economic landscape and Texas’ commitment to supporting foreign investment.

The collaboration between Korea and Texas is set to enhance the semiconductor supply chain, create jobs and stimulate the local economy. As this partnership continues to develop, it is expected to bring substantial benefits, foster innovation and economic growth throughout the region.

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