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ELECTRONICS




SAMSUNG TO OPEN ANOTHER CHIP PLANT IN TEXAS, VALUED AT $17B

by Matt Hamblen |
Nov 24, 2021 9:45am
Welcome to Taylor, Texas! Samsung will build a $17B plant in the community about
30 miles from an existing Samsung Austin facility. (Samsung)
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Samsung announced it will build a $17 billion chip manufacturing facility in
Taylor, Texas, starting next year with completion in late 2024 to support more
than 2,000 high tech jobs.



The Taylor site is 30 miles from its existing Austin plant and is larger than
the one in Austin.

Samsung's Austin semiconductor manufacturing facility     

A Samsung official thanked Texas and federal officials, even though an incentive
measure, the  $52 billion CHIPS for America Act,  still awaits final
congressional funding approval.  “We are grateful to the Biden Administration
for creating an environment that supports companies like Samsung as we work to
expand leading edge-semiconductor manufacturing in the U.S.,” said Kinam Kim,
CEO of Samsung Electronics Device Solutions Division, in a statement on Tuesday.




“We also thank the administration and Congress for their bipartisan support to
swiftly enact federal incentives for domestic chip production and innovation,”
Kim added.

A week ago, the Semiconductor Industry Association praised an agreement between
House and Senate leaders to bring to a conference session the U.S. Innovation
and Competition Act (USICA), passed by the Senate. USICA includes the $52
billion to fund CHIPS. A separate bill contains a version of the FABS Act to
provide an investment tax credit to incentivize semiconductor manufacturing in
the U.S.

SIA said it is hopeful that the House and Senate agreement would pave the way
for CHIPS Act funding. The association represents a large body of chipmakers,
including Samsung, and has lobbied Congress for measures like USICA, FABS Act
and CHIPS for America because of the decline of U.S. chip manufacturing
capacity. That capacity has decreased from 37% in 1990 to 12% recently, and
  SIA believes the decline is due to subsidies offered by governments outside
the U.S.

Samsung, based in South Korea, became the largest chipmaker globally by revenues
earlier in 2021, displacing Intel. Despite its foreign roots, Samsung has been
making chips in the U.S for 25 years and said the new plant in Taylor will
better serves customers and contribute to the stability of the global supply
chain.

Samsung said its $17 billion for the Taylor plant will mark its largest
investment in the U.S., which now totals $47 billion since 1978. The company now
has 20,000 workers in the U.S.  In addition to creating more than 2,000
high-tech jobs director and thousands more related jobs, Samsung is contributing
financial support a Samsung Skills Center for the Taylor Independent School
District to help students develop skills for future careers.

Many chip companies and analysts believe the chip shortage will last into 2023
after posing supply constraints on autos and a variety of consumer products for
more than a year. Intel CEO Pat Gelsinger said there won’t be a supply-demand
balance until 2023 in a recent CNBC interview.

Intel and TSMC have said they plan to each invest $100 billion in new chip
factories in coming years. TSMC has plans for a $12 billion Arizona plant
opening in 2024.

RELATED: Intel invests $3.5 B in N. Mexico chip expansion, atop Arizona plans

Read more on
chip shortage Samsung Intel




ABOUT THE AUTHOR

Matt Hamblen
Editor
mhamblen@questex.com





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