Samsung’s investment of $ 17 billion in the new plant will help enhance semiconductor production. Samsung’s largest-ever investment in the United States will help the crucial logic chips manufacturing unit in Taylor, Texas, increase supply chain resilience.
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| Senator John Cornyn, Governor Greg Abbott, and Kinam Kim, Vice Chairman and CEO of Samsung Electronics (from left to right). |
The new facility will manufacture products based on advanced process technologies for applications in areas such as mobile, 5G, high-performance computing (HPC) and artificial intelligence (AI). Samsung remains committed to supporting customers around the world by making advanced semiconductor manufacturing more accessible and meeting the increasing demand for advanced products. “With the addition of a new facility at Taylor, Samsung is laying the groundwork for another important chapter in our future,” said Kinam Kim, vice president and CEO of Samsung Electronics Device Solutions.
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| Governor Greg Abbott, Samsung Electronics Vice Chairman and CEO Kinam Kim (from left to right). |
“With increased manufacturing capacity, we will be able to better meet the needs of our customers and contribute to the stability of the global semiconductor supply chain.” We are also proud to bring more jobs and support training and talent development for local communities as Samsung celebrates 25 years of semiconductor manufacturing in the United States, ”Kim said. state-of-the-art semiconductor manufacturing in the United States, “Kim continued.” We also thank the administration and Congress for their bipartisan support to quickly implement federal incentives for in-house manufacturing of innovation chips.
The groundbreaking will take place in the first half of 2022 with the aim of making the facility 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 site for the world. semiconductor manufacturing as well as its latest new production line in Pyeongtaek, South Korea. The planned total investment of $ 17 billion, including buildings, property improvements, machinery and equipment, will be Samsung’s largest-ever investment in the United States. It will also lead to Samsung’s total investment in the United States of more than $ 47 billion since it began operating in the country in 1978, where the company now has more than 20,000 employees across the country.
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| Senator John Cornyn, Governor Greg Abbott, and Kinam Kim, Vice Chairman and CEO of Samsung Electronics (from left to right). |
“Companies like Samsung continue to invest in Texas because of our world-class business climate and exceptional workforce,” Governor Abbott said. “Samsung’s new semiconductor manufacturing facility in Taylor will provide endless opportunities for Industrial Central. an important role in our state’s continued exceptionalism in the semiconductor industry. I look forward to expanding our partnership to keep the Lone Star State a leader in cutting-edge technology and a vibrant economic powerhouse. After considering multiple locations within the potential manufacturing site, the decision to invest in Taylor was based on several factors, including the local semiconductor ecosystem, infrastructure stability, local government support, and business opportunities. commentary development. In particular, the proximity to Samsung’s current production site in Austin, about 25 kilometres southwest of Taylor, allows the two sites to share the necessary infrastructure and resources.
