- August 09, 2022
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Samsung chooses Texas as site of new $17bn chip plant, amid a global shortage of semiconductors
On November 24th, Samsung Electronics announced that it would build a new semiconductor manufacturing facility in Taylor, Texas. The estimated $17 billion investment in the United States will help boost production of advanced logic semiconductor solutions that power next-generation innovations and technologies.
The new facility will manufacture products based on advanced
process technologies for application in areas such as mobile, 5G,
high-performance computing (HPC) and artificial intelligence (AI). Samsung
remains committed to supporting customers globally by making advanced
semiconductor fabrication more accessible and meeting surging demand for
leading-edge products.
Target of having the facility operational in the second
half of 2024
Groundbreaking will be in the first half of 2022 with the
target of having the facility operational in the second half of 2024. The
Taylor site will span more than 5 million square meters and is expected to
serve as a key location for Samsung’s global semiconductor manufacturing
capacity along with its latest new production line in Pyeongtaek, South Korea.
The total expected investment of $17 billion, including buildings,
property improvements, machinery and equipment, will mark the largest-ever
investment made by Samsung in the U.S. This will also bring Samsung’s total
investment in the U.S. to more than $47 billion since beginning operations in
the country in 1978, where the company now has over 20,000 employees across the
country.
After reviewing multiple locations within the U.S. for a
potential manufacturing site, the decision to invest in Taylor was based on
multiple factors, including the local semiconductor ecosystem, infrastructure
stability, local government support and community development opportunities. In
particular, the proximity to Samsung’s current manufacturing site in Austin,
about 25 kilometers southwest of Taylor, allows the two locations to share the
necessary infrastructure and resources.
Source: Samsung Electronics