Samsung’s $17 billion funding in a brand new facility will increase manufacturing of superior semiconductors
The most important-ever funding by Samsung within the US will enhance provide chain resilience of essential logic chips
Samsung Electronics, a world chief in superior semiconductor expertise, as we speak introduced that it could construct a brand new semiconductor manufacturing facility in Taylor, Texas. The estimated $17 billion funding in the US will assist increase manufacturing of superior logic semiconductor options that energy next-generation improvements and applied sciences.
The brand new facility will manufacture merchandise based mostly on superior course of applied sciences for software in areas comparable to cellular, 5G, high-performance computing (HPC) and synthetic intelligence (AI). Samsung stays dedicated to supporting prospects globally by making superior semiconductor fabrication extra accessible and assembly surging demand for modern merchandise.
“As we add a brand new facility in Taylor, Samsung is laying the groundwork for an additional necessary chapter in our future,” mentioned Kinam Kim, Vice Chairman and CEO, Samsung Electronics Gadget Options Division. “With higher manufacturing capability, we will higher serve the wants of our prospects and contribute to the steadiness of the worldwide semiconductor provide chain.”
“We’re additionally proud to be bringing extra jobs and supporting the coaching and expertise growth for native communities, as Samsung celebrates 25 years of semiconductor manufacturing within the U.S.,” Kim mentioned.
“Along with our companions in Texas, we’re grateful to the Biden Administration for creating an atmosphere that helps corporations like Samsung as we work to broaden modern semiconductor manufacturing within the U.S.,” continued Kim. “We additionally thank the administration and Congress for his or her bipartisan assist to swiftly enact federal incentives for home chip manufacturing and innovation.”
Groundbreaking will probably be within the first half of 2022 with the goal of getting the power operational within the second half of 2024. The Taylor web site will span greater than 5 million sq. meters and is predicted to function a key location for Samsung’s world semiconductor manufacturing capability together with its newest new manufacturing line in Pyeongtaek, South Korea.
The entire anticipated funding of $17 billion, together with buildings, property enhancements, equipment and gear, will mark the largest-ever funding made by Samsung within the U.S. This can even convey Samsung’s whole funding within the U.S. to greater than $47 billion since starting operations within the nation in 1978, the place the corporate now has over 20,000 staff throughout the nation.
“Corporations like Samsung proceed to put money into Texas due to our world-class enterprise local weather and distinctive workforce,” mentioned Governor Abbott. “Samsung’s new semiconductor manufacturing facility in Taylor will convey numerous alternatives for hardworking Central Texans and their households and can play a significant function in our state’s continued exceptionalism within the semiconductor trade. I stay up for increasing our partnership to maintain the Lone Star State a pacesetter in superior expertise and a dynamic financial powerhouse.”
After reviewing a number of places throughout the U.S. for a possible manufacturing web site, the choice to put money into Taylor was based mostly on a number of elements, together with the native semiconductor ecosystem, infrastructure stability, native authorities assist and group growth alternatives. Specifically, the proximity to Samsung’s present manufacturing web site in Austin, about 25 kilometers southwest of Taylor, permits the 2 places to share the required infrastructure and sources.
This newest growth of Samsung’s U.S. presence is predicted to create over 2,000 high-tech jobs instantly and hundreds of associated jobs as soon as the brand new facility is in full operation. As a part of its co-investment locally, Samsung can even contribute monetary assist to create a Samsung Expertise Middle for the Taylor Unbiased College District (ISD) to assist college students develop expertise for future careers in addition to offering internships and recruiting alternatives.