Samsung is building a $ 17 billion semiconductor factory in Texas

Samsung is committed to building a chips factory in Texas, as the US begins to work hard to expand semiconductor production in the country. The Korean technology specialist is investing $ 17 billion in the new facility, which has developed high-end and high-end smartphones, 5G and artificial intelligence, among other applications. According to The Wall Street Journal, factory construction is expected to begin next year, while construction is expected to begin in the second half of 2024.

The US government has been taking steps to achieve this encouragement production of semiconductor in the US, following the global chip shortage caused by closed plants and the high demand for PCs and other equipment during the epidemic. The issue continues to be a major problem in the industry – this year, automakers like GM and Ford they have to stop or reduce production in their US plants due to stress.

Samsung looked at locations in Arizona, New York and Florida for this new project and also considered Austin, where the factory is located. It eventually chose Taylor, Texas as the new location due to the tax breaks and incentives it offered, as well as the city’s ability to turn off the electricity and supply electricity to other areas if electricity is cut off.

Kim Ki-nam, chief executive of the Samsung Electronics Device Solutions Division, said in a words:

“As we add new facilities to Taylor, Samsung is laying the foundation for another important future theme. With more creative capabilities, we will be able to meet the needs of our customers and support the sustainability of the semiconductor system worldwide. We are also proud to bring more jobs and support training. and technology development for the community, as Samsung celebrates 25 years of semiconductor manufacturing in the US. “