Samsung to Create $17 Billion Chip Plant in Texas

Texas wins bid for the next location of a Samsung chip plant that will create 2,000 jobs.


Samsung Electronics reports that it has chosen the city of Taylor in Texas as its next site for its new US$17 billion plant with the idea of ​​producing advanced chips for different technologies, including smartphones , 5G , high-performance computing and artificial intelligence. .

The plant will create 2,000 jobs with construction starting in the first half of next year and production starting in the second half of 2024 , according to Reuters .

Texas Governor Greg Abbott says the South Korean tech giant’s plant will also create at least 6,500 construction jobs.

Fight against shortages

The chipmaker had also considered building its plant in Arizona and New York , which will be larger than its other factory in Austin , Texas .

Samsung indicates that one of the reasons for choosing Texas is its infrastructure stability, government support and proximity to its existing plant.

Samsung ‘s new build raises its bar against rivals TSMC and Intel , plus it’s a boost in the race to expand US chip contract manufacturing, competition against China and a fight against shortages that have plagued the industry . mobile and automotive industry.