Samsung Electronics Co. appears to be moving closer to making a final decision on the site for its new chip fabrication plant in the United States, as global semiconductor companies have engaged in increasingly fierce competition amid a global chip crunch.

Axar.az reports the South Korean tech giant was found to have withdrawn its application filed in January with Manor Independent School District (ISD) in Travis County, Texas, for corporate tax incentives regarding its new chip plant, the Texas comptroller's website showed.

School districts in the state constitute an important party in the negotiations over building a new plant.