Samsung’s $17 billion funding in new facility will increase manufacturing of superior semiconductors

Greatest funding by Samsung thus far in US will enhance provide chain resilience of crucial logic chips

Samsung Electronics, a world chief in superior semiconductor know-how, right now introduced that it’s going to construct a brand new semiconductor manufacturing facility in Taylor, Texas. An estimated $17 billion funding in the US will assist gas the manufacturing of superior logic semiconductor options that energy the following technology of improvements and applied sciences.

The brand new facility will manufacture merchandise primarily based on superior course of applied sciences for utility in areas reminiscent of 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 inspiration for an additional vital chapter in our future,” stated Kinnam Kim, Vice Chairman and CEO, Samsung Electronics System 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 deliver extra jobs to native communities and assist coaching and expertise growth 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 surroundings that helps firms like Samsung as we work to broaden modern semiconductor manufacturing within the US,” Kim continued. stored. “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 power within the second half of 2024. The Taylor web site 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 overall 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.

“Firms like Samsung proceed to put money into Texas due to our world-class enterprise surroundings and distinctive workforce,” Governor Abbott stated. “Samsung’s new semiconductor manufacturing facility in Taylor will deliver numerous alternatives to hardworking Central Texans and their households and play a significant position in our state’s continued exceptionalism within the semiconductor trade. I proceed to maintain the Lone Star State a pacesetter in superior know-how and a dynamic financial powerhouse.” I stay up for increasing our partnership with you.”

After reviewing a number of places throughout the US for a possible building web site, the choice to put money into Taylor was primarily based on numerous components, together with the native semiconductor ecosystem, infrastructure sustainability, native authorities assist, and alternatives for neighborhood growth. Notably, the proximity of Samsung’s present building web site in Austin, about 25 kilometers southwest of Taylor, permits the 2 places to share important infrastructure and sources.

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 locally, Samsung will even contribute monetary assist to construct a Samsung Abilities Middle for the Taylor Impartial College District (ISD), to assist college students develop abilities for future careers To assist present internship and recruitment alternatives.

(left to proper) Senator John Cornyn, Governor Greg Abbott, Samsung Electronics Vice Chairman and CEO Kinnam Kim

(Left to Proper) Governor Greg Abbott, Samsung Electronics Vice Chairman and CEO Kinnam Kim

(left to proper) Senator John Cornyn, Governor Greg Abbott, Samsung Electronics Vice Chairman and CEO Kinnam Kim

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