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Samsung is building another chip factory in the United States

Samsung plans to build another chip factory at the Taylor base in the US state of Texas by the end of 2024. It should also contribute to the stability of the global semiconductor supply chain.

Electronics company Samsung is building another $ 17 billion chip factory in the United States. The South Korean company chose Taylor as its location in the US state of Texas. The plant will be located near Samsung’s first American semiconductor facility in Austin in the late 1990s. Construction is scheduled to begin in the first half of 2022 with the aim of operating the new system in the second half of 2024, announced the world’s largest manufacturer of memory chips, smartphones and televisions. U.S. Secretary of Commerce Gina Raymondo said one of the nation’s most important industries is “excited” about the project.

Samsung’s announcement comes amid a global chip shortage affecting a variety of industries, including the power and automotive industries. Kim Ki Nam, vice president of semiconductor division at Samsung Electronics, said he expects the new factory to contribute to the stability of the global semiconductor supply chain. The company would like to thank the US Government and Congress for their support in “rapidly creating federal incentives for domestic chip production and innovation.”

The new facility will produce “products based on advanced process technology” for mobile applications, high-speed 5G radio data transfer, high-performance computing and artificial intelligence (AI). Occupying an area of ​​more than five million square meters, it will serve as Samsung’s global semiconductor manufacturing hub, along with its production line in Pyongyang, South Korea.

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Samsung has announced that it will expand its presence in the United States to directly create more than 2,000 high-tech jobs and thousands more. The proximity of the manufacturing facility to Austin, 25 kilometers away, allows both locations to share the necessary infrastructure and resources.