For 17 billion US dollars: Samsung plans new chip factory

In Texas, USA, a new Samsung factory for the production of memory chips is likely to be built – which will create around 1,800 jobs.

Samsung plans new chip factory. According to initial reports, Samsung is planning to invest US $ 17 billion (around 15 billion euros) in a new, modern chip factory in Taylor, Texas. There is still no official confirmation from the South Korean company, but according to the Wall Street Journal (WSJ) it can be assumed that the official announcement will be made on November 23, 2021, when Governor Greg Abbott’s “economic” scheduled for 5 p.m. (Texas time) Announcement “holds.

New chip factory is not official confirmated from Samsung

Taylor is 30 miles from Austin, where Samsung already operates a plant. The new 1,200 hectare site would be larger and could create 1,800 jobs. According to the report, Samsung plans to manufacture processors at the new facility for its own use as well as for use in other companies’ products. Production is not expected before the end of 2024. The city of Taylor is said to have offered the company special incentives that would promise property tax breaks of over 90 percent in the first ten years. Samsung has not yet wanted to comment on this and only told the WSJ that “a final decision on the location has not yet been made”.

Semiconductor shortages – and no end in sight

Whether smartphone, console or car manufacturers – numerous companies are currently affected by the global shortage of chips. And a quick solution to the problem is not in sight. According to recent comments from Intel CEO Pat Gelsinger, this situation is unlikely to calm down before 2023. The semiconductor industry wants to increase production capacities, but many new plants are planned for the long term and will not be available in the foreseeable future. The $ 7 billion TSMC and Sony factory in Japan is not expected to start production until the end of 2024.

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