To improve supplies, Samsung to build chip factory in Texas

Robert Besser
27 Nov 2021, 12:52 GMT+10

Samsung Electronics will build a $17 billion semiconductor chip factory in Texas, in a bid to increase the supply of chips
Samsung officials said it found Taylor, Texas to be the most likely site for its chip manufacturing facility, located some 30 miles from its Austin-based production center
Samsung is opening the Texas chip plant at the same time that Intel and Taiwan Semiconductor Manufacturing Company are also building factories in the west

SAN JOSE, California: Samsung Electronics will build a $17 billion semiconductor chip factory in Texas, in a bid to increase the supply of chips.

Samsung officials said it found Taylor, Texas to be the most likely site for its chip manufacturing facility, located some 30 miles from its Austin-based production center.

"With greater manufacturing capacity, we will be able to better serve the needs of our customers and contribute to the stability of the global semiconductor supply chain," said Kinam Kim, Vice Chairman and CEO, Samsung Electronics Device Solutions Division.

Officials from the state of Texas and Samsung announced the decision on November 23.

Samsung is opening the Texas chip plant at the same time that Intel and Taiwan Semiconductor Manufacturing Company are also building factories in the west.

The three companies will build facilities in the west, in response to the unprecedented post-Covid demand for semiconductor chips to operate autos, computers, televisions, personal electronic devices, home appliances, and smartphones.

Samsung currently employs 3,000 people in Texas, and future plans call for hiring an additional 1,800 staff.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Orlando Echo.

More Information

94 ℉

Fair in Orlando/Executive

International

Section

Would a new Cold War be in the best interest of the United States?

As China unleashed live-fire military exercises off the coast of Taiwan, simulating a real "reunification by force" operation in the ...

Myanmar deposed leader Aung San Suu Kyi to serve six additional years in prison

NAYPYIDAW, Myanmar - According to a legal official, a court in Myanmar has sentenced former leader Aung San Suu Kyi ...

China, Nepal to build rail, communications network across Himalayas

BEIJING, China: Following a meeting between their foreign ministers, China and Nepal have agreed to build the Trans-Himalayan Multi-Dimensional Connectivity ...

Heatwave continues in China as temperatures exceed 40C

BEIJING, China: Several regions in China experienced temperatures exceeding 40 degrees Celsius, including the major southwestern city of Chongqing.The country's ...

California seeks $1.4 billion to keep nuclear plant open

SACRAMENTO, California: California Governor Gavin Newsom is proposing to give a $1.4 billion government loan to extend the life of ...

With Covid cases increasing, India's New Delhi continues mask mandate

NEW DELHI, India: A government order released to reporters this week said New Delhi will continue to enforce a mask ...

Florida

Section