Samsung announces a new semiconductor facility to be built in Texas
Samsung has revealed that it intends to build a new facility for its Electronics arm to build semiconductor production in Taylor, Texas. The South Korean giant has plans to devote up to US$17 billion to the construction of this new installation.
The OEM's Electronic division currently projects that this process will start from early 2022, in order to hold a grand opening for the Taylor plant by 2024. It should support the production of chips for 5G, high-performance computing (HPC) and portable devices.
The US state already has a background as an emerging location for Samsung manufacturing and industry, as Samsung has noted in its choice of new location. Now, it also has a new opportunity to contribute to the alleviation of the ongoing supply crisis.
It may also help prevent any further such shortages in the future thanks to one of the current initiatives aimed at making component production more global and, thus, more readily accessible, in the future.