Samsung Electronics announced that it would build a new semiconductor manufacturing facility in Taylor, Texas just 16 miles from their current Austin facility. Estimated to cost $17 billion, the new plant will create 2,000 new jobs and will help boost the production of advanced logic semiconductor solutions that power next-generation innovations and technologies.
Samsung Electronics announced that it would build a new semiconductor manufacturing facility in Taylor, Texas just 16 miles from their current Austin facility. Estimated to cost $17 billion, the new plant will create 2,000 new jobs and will help boost the production of advanced logic semiconductor solutions that power next-generation innovations and technologies.
Samsung Semiconductor Plant in Korea
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).
According to Kinam Kim, Vice Chairman and CEO, Samsung Electronics Device Solutions Division;
“As we add a new facility in Taylor, Samsung is laying the groundwork for another important chapter in our future. 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.”
Groundbreaking is expected in the first half of 2022 with the target of having the facility operational in the second half of 2024. The Taylor site will occupy almost 2 square miles 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.
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