Samsung close to finalising $17 billion Texas chip plant

samsung

Reuters, citing sources, reports that Samsung Electronics Co Ltd is close to finalising the construction of a $17 billion semiconductor factory in Williamson County in the U.S. state of Texas.

The report claims Samsung is continuing due diligence in multiple locations, is yet to make a decision.

Samsung had previously said in a filling that the factory will make advanced logic semiconductor chips and is likely to create about 1,800 jobs.

While no decision has been made, Austin suburb of Williamson County is the frontrunner due to the subsidies on offer as well as the likelihood of stable sources of electricity and water.

Samsung previously said it would start construction on the new 6-million-square-foot (557,418-sq-meter) plant in January, with production up and running by the end of 2024.

In the global chip contract manufacturing industry, Samsung is second to TSMC which had 52.9% of market share compared to Samsung’s 17.3% as of end-June, according to analysis provider TrendForce.

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