Samsung Electronics Pronounces New Superior Semiconductor Fab Website in Taylor, Texas – Samsung World Newsroom

Samsung’s $17 billion funding in new facility will increase manufacturing of superior semiconductors

Greatest funding by Samsung up to now in US will enhance provide chain resilience of essential logic chips

Samsung Electronics, a world chief in superior semiconductor know-how, right this moment introduced that it’s going to construct a brand new semiconductor manufacturing facility in Taylor, Texas. An estimated $17 billion funding in the US will assist gasoline the manufacturing of superior logic semiconductor options that energy the subsequent technology of improvements and applied sciences.

The brand new facility will manufacture merchandise primarily based on superior course of applied sciences for software in areas resembling cell, 5G, high-performance computing (HPC) and synthetic intelligence (AI). Samsung is dedicated to supporting clients globally by making superior semiconductor fabrication extra accessible and assembly the rising demand for modern merchandise.

“As we add a brand new characteristic to Tailor, Samsung is laying the inspiration for an additional necessary chapter in our future,” mentioned Kinnam Kim, Vice Chairman and CEO, Samsung Electronics System Options Division. “With extra manufacturing capability, we will higher meet the wants of our clients and contribute to the sustainability of the worldwide semiconductor provide chain.”

“We’re additionally proud to carry extra jobs to native communities and assist coaching and expertise growth as Samsung celebrates 25 years of semiconductor manufacturing within the US,” Kim mentioned.

“Along with our companions in Texas, we’re grateful to the Biden administration for creating an surroundings that helps firms like Samsung as we work to increase modern semiconductor manufacturing within the US,” Kim continued. saved. “We additionally thank the administration and Congress for his or her bipartisan assist for swiftly implementing federal incentives for home chip manufacturing and innovation.”

Groundbreaking will happen within the first half of 2022, with the purpose of working the power within the second half of 2024. The Taylor website will span over 5 million sq. meters and is predicted to function a key location for Samsung’s world semiconductor manufacturing capability. With its newest new manufacturing line in Pyeongtaek, South Korea.

The whole funding of $17 billion, together with buildings, property enhancements, equipment and gear, will mark Samsung’s largest funding up to now within the US. nation in 1978, the place the corporate now has over 20,000 workers nationwide.

“Firms like Samsung proceed to spend money on Texas due to our world-class enterprise surroundings and distinctive workforce,” Governor Abbott mentioned. “Samsung’s new semiconductor manufacturing facility in Taylor will carry numerous alternatives to hardworking Central Texans and their households and play a significant function in our state’s continued exceptionalism within the semiconductor business. I proceed to maintain the Lone Star State a frontrunner in superior know-how and a dynamic financial powerhouse.” I stay up for increasing our partnership with you.”

After reviewing a number of places throughout the US for a possible development website, the choice to spend money on Taylor was primarily based on various components, together with the native semiconductor ecosystem, infrastructure sustainability, native authorities assist, and alternatives for neighborhood growth. Notably, the proximity of Samsung’s present development website in Austin, about 25 kilometers southwest of Taylor, permits the 2 places to share important infrastructure and assets.

This newest enlargement of Samsung’s US presence is predicted to create greater than 2,000 high-tech jobs and hundreds of associated jobs instantly after the brand new facility is in full operation. As a part of its co-investment in the neighborhood, Samsung can even contribute monetary assist to construct a Samsung Expertise Heart for the Taylor Impartial College District (ISD), to assist college students develop expertise for future careers To assist present internship and recruitment alternatives.

(left to proper) Senator John Cornyn, Governor Greg Abbott, Samsung Electronics Vice Chairman and CEO Kinnam Kim

(Left to Proper) Governor Greg Abbott, Samsung Electronics Vice Chairman and CEO Kinnam Kim

(left to proper) Senator John Cornyn, Governor Greg Abbott, Samsung Electronics Vice Chairman and CEO Kinnam Kim

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