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

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

Greatest funding by Samsung thus far in US will enhance provide chain resilience of crucial logic chips

Samsung Electronics, a world chief in superior semiconductor expertise, in the present day introduced that it’s going to construct a brand new semiconductor manufacturing facility in Taylor, Texas. An estimated $17 billion funding in america 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 based mostly on superior course of applied sciences for software in areas equivalent to 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 function to Tailor, Samsung is laying the muse for one more necessary chapter in our future,” mentioned Kinnam Kim, Vice Chairman and CEO, Samsung Electronics Gadget Options Division. “With extra manufacturing capability, we can higher meet the wants of our clients and contribute to the sustainability of the worldwide semiconductor provide chain.”

“We’re additionally proud to deliver extra jobs to native communities and help coaching and expertise improvement 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 atmosphere that helps corporations like Samsung as we work to increase modern semiconductor manufacturing within the US,” Kim continued. stored. “We additionally thank the administration and Congress for his or her bipartisan help for swiftly implementing federal incentives for home chip manufacturing and innovation.”

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

The entire funding of $17 billion, together with buildings, property enhancements, equipment and tools, will mark Samsung’s largest funding thus far within the US. nation in 1978, the place the corporate now has over 20,000 staff nationwide.

“Corporations like Samsung proceed to put money into Texas due to our world-class enterprise atmosphere and distinctive workforce,” Governor Abbott mentioned. “Samsung’s new semiconductor manufacturing facility in Taylor will deliver 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 expertise and a dynamic financial powerhouse.” I stay up for increasing our partnership with you.”

After reviewing a number of places inside the US for a possible building website, the choice to put money into Taylor was based mostly on a lot of elements, together with the native semiconductor ecosystem, infrastructure sustainability, native authorities help, and alternatives for group improvement. Notably, the proximity of Samsung’s present building website in Austin, about 25 kilometers southwest of Taylor, permits the 2 places to share important infrastructure and assets.

This newest growth of Samsung’s US presence is anticipated 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 may even contribute monetary help to construct a Samsung Abilities Heart for the Taylor Unbiased Faculty 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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