https://safirsoft.com Samsung looks to build $17 billion chip factory in Texas

Demand for semiconductors is growing, and persistent shortages of chips have forced companies and governments to invest heavily in capacity building outside Asia. Samsung has big plans to take over semiconductors and other key industries and will spend $205 billion on these goals. $17 billion of this budget will be spent on building a new chip plant in the United States, likely in one of two Texas cities.

Earlier this week, Reuters reported that Samsung was studying two locations in Texas to build a new 5nm chip plant after learning of plans for extensive property tax cuts. Technology giants are looking for their business in the region. One location is Austin, which is currently home to one of Samsung's manufacturing facilities, while Taylor is located in Williamson County. Williamson County commissioners and Taylor City Council agreed unanimously, and the owner of a Texas brewery promised to create Samsung Pale Pale beer if the company decided to do so.

https://safirsoft.com Samsung seeks to build $17 billion chip factory in Texas

Image : Austin Chip Factory, Samsung Texas

However, a Samsung spokesperson clarified that “No decision has been made by Samsung on a site for potential development. All sites under review” Each community is doing their best to position themselves in the best position for the opportunity . Actions by Williamson County and Taylor County are part of their efforts. Covering up to 0.000 building jobs on more than 1,100 hectares (4.45 km²), which is much larger than the 350 hectares previously owned by Samsung for its Austin plant. However, Taylor and Austin are only two sites where Samsung is exploring Five potential sites for the so-called "Star Project". Austin is unattractive for the tech giant after a severe power outage in February led to the temporary shutdown of its $350 million plant. Phoenix and New York sites are also being explored, but less prospect than Austin.

Samsung wants to start building the new chip plant in early 2022 and have it up and running by the end of 2024, so it won't be long before it announces its location at the new facility.

Samsung looks to build $17 billion chip factory in Texas
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