Samsung announced that its planned chip-making factory in Taylor near Austin, Texas, is expected to start production in the second half of 2024. The South Korean tech giant's $17B facility, confirmed yesterday, is its largest-ever investment in the U.S.
- The 5 million square meter plant will focus on advanced chips for smartphones, 5G, HPC, and AI applications to help shore up the global semiconductor supply chain and meet increasing demand.
- As part of its official announcement Tuesday, Samsung said the plant will directly create 2,000 high-tech jobs and add thousands more to the local economy once it starts operating.
- The company chose Taylor, in central Texas, over sites in Arizona, Florida, New York, and nearby Austin, where it has another manufacturing plant.
- The announcement greatly benefits the U.S., which claimed only a 12% share of worldwide semiconductor manufacturing in 2020, down from 37% in 1990, in an industry dominated by Taiwan, South Korea, and other Asia countries.
- Intel and TSMC are currently building new chip factories in Arizona, while Texas Instruments said it will invest in four new chip fabrication plants in Sherman, Texas.