Samsung Electronics Declares New Superior Semiconductor Fab Web site in Taylor, Texas – Samsung World Newsroom

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

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

Samsung Electronics, a world chief in superior semiconductor know-how, 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 the US will assist gasoline the manufacturing of superior logic semiconductor options that energy the following technology of improvements and applied sciences.

The brand new facility will manufacture merchandise based mostly on superior course of applied sciences for utility in areas comparable to cellular, 5G, high-performance computing (HPC) and synthetic intelligence (AI). Samsung is dedicated to supporting prospects 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 essential chapter in our future,” stated Kinnam Kim, Vice Chairman and CEO, Samsung Electronics Gadget Options Division. “With extra manufacturing capability, we will higher meet the wants of our prospects and contribute to the sustainability of the worldwide semiconductor provide chain.”

“We’re additionally proud to convey extra jobs to native communities and help coaching and expertise improvement as Samsung celebrates 25 years of semiconductor manufacturing within the US,” Kim stated.

“Along with our companions in Texas, we’re grateful to the Biden administration for creating an setting that helps corporations 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 help 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 ability within the second half of 2024. The Taylor web site 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 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.

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

After reviewing a number of areas throughout the US for a possible development web site, the choice to put money into Taylor was based mostly on numerous components, together with the native semiconductor ecosystem, infrastructure sustainability, native authorities help, and alternatives for neighborhood improvement. Notably, the proximity of Samsung’s present development web site in Austin, about 25 kilometers southwest of Taylor, permits the 2 areas to share important infrastructure and sources.

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 may also contribute monetary help to construct a Samsung Abilities Middle 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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