Samsung Electronics Announces New Advanced Semiconductor Fab Site in Taylor, Texas – Samsung Global Newsroom

Samsung’s $ 17 billion investment in new facility to boost advanced semiconductor production

Samsung’s largest-ever investment in the US to boost supply chain resilience

Samsung Electronics, a world leader in advanced semiconductor technology, announced today the construction of a new semiconductor plant in Taylor, Texas. The $ 17 billion investment in the US will help boost the production of advanced logic semiconductor solutions that deliver next-generation innovation and technology.

The new plant will produce products based on advanced technological technologies for applications in areas such as mobile communications, 5G, high-performance computing (HPC) and artificial intelligence (AI). Samsung continues to strive to support customers around the world by making advanced semiconductor manufacturing more affordable and meeting the growing demand for advanced products.

“As we add a new facility to Taylor, Samsung is laying the groundwork for another important chapter in our future,” said Keen Kim, vice president and general manager of Samsung Electronics Device Solutions. “With the increase in production capacity, we will be able to better meet the needs of our customers and contribute to the stability of the global semiconductor supply chain.”

“We are also proud to create more jobs and support training and talent development for local communities as Samsung celebrates the 25th anniversary of semiconductor manufacturing in the United States,” Kim said.

“In addition to our partners in Texas, we are grateful to the Biden administration for creating an environment that supports companies like Samsung as we work to expand advanced semiconductor production in the United States,” Kim continued. “We also thank the administration and Congress for their bipartisan support for the rapid introduction of federal incentives for domestic chip production and innovation.”

Bookmarking will take place in the first half of 2022 with the aim of launching the facility in the second half of 2024. Taylor’s area will cover more than 5 million square meters and is expected to serve as a key location for Samsung’s global semiconductor manufacturing facilities along with a new new production line in Pyeongtake, South Korea.

The total expected investment of $ 17 billion, including buildings, real estate improvements, machinery and equipment, will be the largest investment in Samsung’s history in the United States. It will also bring Samsung’s total investment in the US to more than $ 47 billion since starting operations in the US. country in 1978, where the company now has more than 20,000 employees nationwide.

“Companies like Samsung continue to invest in Texas because of our world-class business climate and exceptional workforce,” Governor Abbott said. “Samsung’s new semiconductor plant in Taylor will provide countless opportunities for hard-working Central Texas residents and their families and will play an important role in maintaining our state’s exclusivity in the semiconductor industry. I look forward to expanding our partnership to keep Lone Star State a leader in cutting-edge technology and dynamic economic power. ”

After testing in several locations in the U.S. for a potential manufacturing facility, the decision to invest in Taylor was based on many factors, including the local semiconductor ecosystem, infrastructure stability, local government support and community development opportunities. In particular, the proximity to Samsung’s current production site in Austin, about 25 kilometers southwest of Taylor, allows the two sites to share the necessary infrastructure and resources.

This latest expansion of Samsung’s presence in the US is expected to create more than 2,000 high-tech jobs directly and thousands of related jobs once the new facility is fully operational. As part of the joint investment in the community, Samsung will also provide financial support to establish the Samsung Skills Center for Taylor Independent School District (ISD) to help students develop skills for future careers, as well as provide internship and employment opportunities.

(left to right) Senator John Cornin, Governor Greg Abbott, Samsung Electronics Vice Chairman and CEO Kinam Kim

(left to right) Governor Greg Abbott, Vice President and CEO of Samsung Electronics Keen Kim

(left to right) Senator John Cornin, Governor Greg Abbott, Samsung Electronics Vice Chairman and CEO Kinam Kim

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