Samsung Electronics stated that it has chosen Taylor, Texas, as the location for a new semiconductor wafer fabrication plant that will develop sophisticated logic devices. The anticipated $17 billion investment, which would be Samsung’s largest in the United States, is expected to produce approximately 2,000 new employment directly and thousands more related positions once the new facility is fully operational.
DistilInfo HIGH FIVE
1. Fundings:
The funding will bring Samsung’s total investment in the U.S. to more than $47 billion since beginning U.S. operations in 1978. The Taylor site, about 16 miles from Samsung’s current manufacturing site in Austin, 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.
2. Advanced:
The new facility will manufacture products based on advanced process technologies such as mobile, 5G, high-performance computing (HPC), and artificial intelligence (AI). Samsung’s decision comes amid a global chip shortage that has undermined industries from automobiles to electronics.
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3. New roads:
Samsung will start construction on the Taylor site, which will span more than 5 million square meters, in the first quarter of 2022, aiming to have production up and running in the second half of 2024.“As we add a new facility in Taylor, Samsung is laying the groundwork for another important chapter in our future,” said Kinam Kim, vice chairman and CEO of device solution division at Samsung Electronics.
4. Locations:
After reviewing multiple locations within the U.S. for a potential manufacturing plant, 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.
5. Capacity:
“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. We are also proud to be bringing more jobs and supporting the training and talent development for local communities, as Samsung celebrates 25 years of semiconductor manufacturing in the U.S”, said Kinam.
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