Samsung’s $ 17 billion investment in a new facility will increase the production of advanced semiconductors
Samsung’s largest investment ever in the US will improve the supply chain’s resilience of crucial logic chips
Samsung Electronics, a world leader in advanced semiconductor technology, announced today that it will build a new semiconductor plant in Taylor, Texas. The estimated $ 17 billion investment in the United States will help increase the production of advanced logic semiconductor solutions that drive next-generation innovations and technologies.
The new facility will manufacture products based on advanced process technologies for use in areas such as mobile, 5G, high-performance computing (HPC) and artificial intelligence (AI). Samsung remains committed to supporting customers globally by making advanced semiconductor manufacturing more accessible and meeting the growing demand for advanced products.
“When we add a new facility in Taylor, Samsung lays the groundwork for another important chapter in our future,” said Kinam Kim, Vice President and CEO, Samsung Electronics Device Solutions Division. “With greater production capacity, we will be able to better serve our customers’ needs and contribute to the stability of the global semiconductor supply chain.”
“We are also proud to bring more jobs and support education and talent development to communities as Samsung celebrates 25 years of semiconductor manufacturing in the United States,” Kim said.
“In addition to our partners in Texas, we are grateful to the Biden Administration for creating an environment that supports companies like Samsung as we work to expand leading semiconductor manufacturing in the United States,” Kim continued. “We also thank the administration and Congress for their bipartisan support for the rapid introduction of federal incentives for domestic chip production and innovation.”
Pioneering will be in the first half of 2022 with the goal of having the plant operational in the second half of 2024. The Taylor site will span more than 5 million square meters and is expected to serve as a key location for Samsung’s global semiconductor production 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 investment ever made by Samsung in the United States. This will also bring Samsung’s total investment in the United States to more than $ 47 billion since its inception in 1978, where the company now has over 20,000 employees across the country.
“Companies like Samsung continue to invest in Texas because of our world-class business climate and unique workforce,” Governor Abbott said. “Samsung’s new semiconductor manufacturing in Taylor will bring countless opportunities for hard-working key Texans and their families and will play a major role in our state’s continued exceptionalism in the semiconductor industry. I look forward to expanding our partnership to keep Lone Star State a leader in advanced technology. and a dynamic economic powerhouse. “
After reviewing several locations in the United States for a potential production site, the decision to invest in Taylor was based on several factors, including the local semiconductor ecosystem, infrastructure stability, local government support, and community development opportunities. In particular, the proximity to Samsung’s current production site in Austin, about 25 miles southwest of Taylor, allows the two locations to share the necessary infrastructure and resources.
This latest expansion of Samsung’s presence in the US is expected to create over 2,000 high-tech jobs directly and thousands of related jobs when the new facility is fully operational. As part of its co-investment in the community, Samsung will also provide financial support to create a Samsung Skills Center for the Taylor Independent School District (ISD) to help students develop skills for future careers as well as provide internships and recruitment opportunities.