The first phase of a new chemical manufacturing plant in Taylor and the South Korean company's U.S. corporate headquarters just got a $12 million boost from the Governor's Office to strengthen the state's semiconductor industry supply chain.

Soulbrain TX LLC, the U.S. subsidiary of South Korea's Soul Brain Co. Ltd., is spending as much $600 million for its headquarters, first U.S. plant and an eventual expansion in the RCR Taylor Logistics Park.

The company first announced its location two years ago and has since secured several million dollars in property-tax abatements from Williamson County and the city in exchange for job creation and investments that will increase the taxable value of the property for decades to come.