Samsung’s $17 billion funding in new facility will increase manufacturing of superior semiconductors
Largest funding by Samsung thus far in US will enhance provide chain resilience of essential logic chips
Samsung Electronics, a world chief in superior semiconductor expertise, at this time introduced that it’ll construct a brand new semiconductor manufacturing facility in Taylor, Texas. An estimated $17 billion funding in the USA will assist gas the manufacturing of superior logic semiconductor options that energy the following era of improvements and applied sciences.
The brand new facility will manufacture merchandise primarily based on superior course of applied sciences for software in areas similar to cellular, 5G, high-performance computing (HPC) and synthetic intelligence (AI). Samsung is dedicated to supporting prospects globally by making superior semiconductor fabrication extra accessible and assembly the rising demand for modern merchandise.
“As we add a brand new function to Tailor, Samsung is laying the muse for one more necessary chapter in our future,” stated Kinnam Kim, Vice Chairman and CEO, Samsung Electronics Gadget Options Division. “With extra manufacturing capability, we can higher meet the wants of our prospects and contribute to the sustainability of the worldwide semiconductor provide chain.”
“We’re additionally proud to carry extra jobs to native communities and assist coaching and expertise improvement as Samsung celebrates 25 years of semiconductor manufacturing within the US,” Kim stated.
“Along with our companions in Texas, we’re grateful to the Biden administration for creating an setting that helps firms like Samsung as we work to broaden modern semiconductor manufacturing within the US,” Kim continued. saved. “We additionally thank the administration and Congress for his or her bipartisan assist for swiftly implementing federal incentives for home chip manufacturing and innovation.”
Groundbreaking will happen within the first half of 2022, with the objective of working the ability within the second half of 2024. The Taylor website will span over 5 million sq. meters and is anticipated to function a key location for Samsung’s international semiconductor manufacturing capability. With its newest new manufacturing line in Pyeongtaek, South Korea.
The full funding of $17 billion, together with buildings, property enhancements, equipment and gear, will mark Samsung’s largest funding thus far within the US. nation in 1978, the place the corporate now has over 20,000 staff nationwide.
“Corporations like Samsung proceed to spend money on Texas due to our world-class enterprise setting and distinctive workforce,” Governor Abbott stated. “Samsung’s new semiconductor manufacturing facility in Taylor will carry numerous alternatives to hardworking Central Texans and their households and play a serious function in our state’s continued exceptionalism within the semiconductor business. I proceed to maintain the Lone Star State a pacesetter in superior expertise and a dynamic financial powerhouse.” I look ahead to increasing our partnership with you.”
After reviewing a number of areas inside the US for a possible development website, the choice to spend money on Taylor was primarily based on various components, together with the native semiconductor ecosystem, infrastructure sustainability, native authorities assist, and alternatives for group improvement. Notably, the proximity of Samsung’s present development website in Austin, about 25 kilometers southwest of Taylor, permits the 2 areas to share important infrastructure and assets.
This newest enlargement of Samsung’s US presence is anticipated to create greater than 2,000 high-tech jobs and hundreds of associated jobs immediately after the brand new facility is in full operation. As a part of its co-investment in the neighborhood, Samsung may also contribute monetary assist to construct a Samsung Expertise Middle for the Taylor Unbiased Faculty District (ISD), to assist college students develop expertise for future careers To assist present internship and recruitment alternatives.