Samsung is committed to building a chip factory in Texas, just as the United States is pushing for expansion of semiconductor manufacturing in the country. Korean tech giant will invest $ 17 billion in the new facility, which will create high-end and advanced chips for smartphones, 5G and artificial intelligence, among other applications. According to The Wall Street Journal, Construction for the factory is set to begin next year, when production at the facility is expected to begin in the second half of 2024.
The US government is taking action boosting Semiconductor production in the United States, plants shut down due to global chip shortages, and high demand for PCs and other devices during epidemics. This problem has continued to have a huge impact across the industry – right this year, automakers have chosen GM And Ford They had to suspend or cut production at the US plant due to supply constraints.
Samsung has explored locations in Arizona, New York and Florida for the new project, and also considered Austin, where it has an existing plant. It ultimately chose Taylor, Texas for this new facility because of its generous tax breaks and incentives, as well as its ability to black out the city’s rolling blackouts and provide power to certain facilities in the event of a power outage.
Kim Ki-nam, chief executive of Samsung Electronics Device Solutions, said: Statement:
“As we add a new feature to Taylor, Samsung is laying the groundwork for another important chapter in our future. With greater productivity, we will be able to better serve our customers’ needs and contribute to the stability of the global semiconductor supply chain.” We are proud to bring more jobs and help train and develop talent for the local community. “
All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you purchase something through one of these links, we can earn an affiliate commission.