Samsung reportedly plans to build a $17 billion chipmaking facility in Taylor Texas
Samsung plans to expand its foundry offerings in the US
Published: 23rd November 2021 | Source: Wall Street Journal |
Samsung's reportedly announcing a $17 billion US chipmaking facility later today
Later today, Samsung is expected to announce plans to create a new chipmaking facility in Taylor, Texas. This manufacturing plant will reportedly cost around $17 billion to build and create around 1,800 new jobs for the region.
This new manufacturing plant will be 30 miles away from Samsung's Austin facility. The plant will reportedly be built in the city of Taylor on a 1,200-acre site, making the new facility larger than Samsung's Austin manufacturing plant. The city of Taylor has reportedly offered Samsung significant tax breaks and other incentives to choose their city for their newest manufacturing base, including property tax breaks of 90% for ten years.
At this time, it is unknown what Samsung's Taylor facility will be used for. It has been speculated that it may be used to create memory products, such as NAND, HBM, DDR, and GDDR memory, to be used to create 3rd party chips. What we do know is that this new facility isn't expected to start making chips until late 2024.
Some reports have claimed that the facility could be used to create 3nm products for Samsung, which would be a big deal for the US' fabless chipmakers. That said, this has not been confirmed.
Texas Governor, Greg Abbott, is scheduled to speak today at 5 PM local time (11 PM GMT), to make an "economic announcement". This announcement will likely confirm Samsung's plans to expand its presence within the state.
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