Samsung’s $17 billion investment in new factory will boost production of advanced semiconductors
Samsung’s biggest-ever investment in the US will improve supply chain resilience for critical logic chips
Samsung Electronics, a global leader in advanced semiconductor technology, today announced the construction of a new semiconductor manufacturing facility in Taylor, Texas. The estimated $17 billion investment in the United States will help spur production of advanced logic semiconductor solutions that power next-generation innovations and technologies.
The new plant will manufacture products based on advanced process technologies for applications in areas such as mobile, 5G, high performance computing (HPC) and artificial intelligence (AI). Samsung remains committed to supporting customers around the world by making advanced semiconductor manufacturing more accessible and meeting the growing demand for cutting-edge products.
“As we add a new facility to Taylor, Samsung is laying the foundation for another important chapter in our future,” said Kinam Kim, Vice President and CEO of Samsung Electronics Device Solutions Division. “With greater manufacturing capacity, we will be able to better meet the needs of our customers and contribute to the stability of the global semiconductor supply chain.”
“We are also proud to bring more jobs and support training and talent development for local communities as Samsung celebrates 25 years of manufacturing semiconductors in the United States,” Kim said.
“In addition to our partners in Texas, we are grateful to the Biden administration for creating an environment that supports companies like Samsung as we work to expand advanced semiconductor manufacturing in the United States,” said continued Kim. “We also thank the administration and Congress for their bipartisan support for the rapid establishment of federal incentives for national chip production and innovation.”
Groundbreaking will take place in the first half of 2022, with the goal of having the facility operational in the second half of 2024. The Taylor site will span over 5 million square meters and is expected to serve as a key location for Samsung’s global semiconductor manufacturing capability. as well as its latest new production line in Pyeongtaek, South Korea.
The planned total investment of $17 billion, including buildings, property improvements, machinery and equipment, will mark the largest investment Samsung has ever made in the United States. It will also bring Samsung’s total investment in the United States to more than $47 billion since it began operations in the country in 1978, where the company now has more than 20,000 employees across the country.
“Companies like Samsung continue to invest in Texas because of our world-class business climate and exceptional workforce,” Governor Abbott said. “Samsung’s new semiconductor manufacturing facility in Taylor will provide countless opportunities for hard-working central Texans and their families and will play a major role in our state’s continued exceptionalism in the semiconductor industry. I look forward to expanding our partnership to ensure the Lone Star State remains a leader in advanced technology and a dynamic economic powerhouse.
After reviewing several locations in the United States for a potential manufacturing site, the decision to invest in Taylor was based on several factors, including the local semiconductor ecosystem, infrastructure stability, government support local and community development opportunities. In particular, the proximity of Samsung’s current manufacturing site in Austin, approximately 25 kilometers southwest of Taylor, allows the two sites to share the necessary infrastructure and resources.
This latest expansion of Samsung’s US presence is expected to directly create more than 2,000 high-tech jobs and thousands of related jobs once the new facility is fully operational. As part of its co-investment in the community, Samsung will also provide financial support for the creation of a Samsung Skills Center for the Taylor Independent School District (ISD) to help students develop skills for future careers, as well as offering internships and recruitment opportunities.