Samsung to open a new semiconductor manufacturing facility in Texas

South Korean tech firm Samsung today announced that it will build a new semiconductor manufacturing facility in Taylor, Texas.
Samsung to open a new semiconductor manufacturing facility in Texas
Senator John Cornyn, Governor Greg Abbott, Samsung Electronics Vice Chairman & CEO Kinam Kim

To improve supply chain resilience of crucial logic chips

Samsung said that this US facility will "help boost the production of advanced logic semiconductor solutions that power next-generation innovations and technologies".

In particular, the firm said that 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).

With an estimated USD 17 billion (around PHP 858.86B) investment, this is the largest-ever investment by the company in the US. The USD 17B includes buildings, property improvements, machinery, and equipment. This is expected to create over 2,000 jobs in the area.

The groundbreaking will happen in the first half of 2022. The target date for the facility to become operational is in the second half of 2024.

The location is 5 million square meters big. It is expected to serve as a key location for the company's global semiconductor manufacturing capacity along with its latest new production line in Pyeongtaek, South Korea.

Source: Samsung
Samsung to open a new semiconductor manufacturing facility in Texas Samsung to open a new semiconductor manufacturing facility in Texas Reviewed by Telenor Editorial on November 24, 2021 Rating: 5

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