Samsung to Build $17 Billion Advanced Chip Plant

South Korean tech giant Samsung has announced that it will be building a $17 billion chip plant in Texas. It’s estimated that the advanced chip-making plant could create around 1,800 jobs.

Samsung has decided on the city of Taylor fir the new plant, which is ~50km from its existing manufacturing hub in Austin.

Samsung Semiconductor plant in Texas
Samsung Austin Semiconductor. The new plant will be even bigger than this.

As said by Kinam Kim, vice chairman and CEO of Samsung Electronics Device Solutions Division:

“With greater manufacturing capacity, we will be able to better serve the needs of our customers and contribute to the stability of the global semiconductor supply chain. In addition to our partners in Texas, we are grateful to the Biden Administration for creating an environment that supports companies like Samsung as we work to expand leading-edge semiconductor manufacturing in the U.S. We also thank the administration and Congress for their bipartisan support to swiftly enact federal incentives for domestic chip production and innovation.”

Samsung is planning on beginning the endeavor next year with the aim of starting chip production in 2024. The company will eventually be expected to use the plant to manufacture processors.

Keeping in mind that in the past Samsung has produced chips for companies like Qualcomm and Nvidia, the company will likely use the Taylor plant to produce chips for other companies based on their designs.

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