Samsung officially announced a new advanced chip-making plant in Texas, estimated to cost $17 billion and create 1,800 jobs. The plant will be located in Taylor, 30 miles away from Austin, and will be larger than Samsung's existing facility in Austin. The CEO expressed gratitude to the Biden Administration for supporting the expansion of semiconductor manufacturing in the U.S.
Samsung officially announced a new advanced chip-making plant in Texas , that’s estimated to cost around $17 billion and could create 1,800 jobs. The new plant will be located in the city of Taylor, roughly 30 miles away from Austin, where Samsung has an existing facility. The new site is roughly 1,200 acres in size, making it larger than Samsung ’s Austin plant.
Kinam Kim, the vice chairman and CEO of Samsung Electronics Device Solutions Division says in a statement that “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.” He continued, “In addition to our partners in Texas, 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
Samsung Chip-Making Plant Texas Jobs Manufacturing Semiconductor Biden Administration
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