Samsung to open USD 17 billion semiconductor plant amid global shortage

Samsung has announced that it will open a new computer chip plant in Taylor, Texas, USA, opening a USD 17 billion facility amid a continuing global shortage of semiconductors.

The facility marks Samsung’s largest ever investment in the US, manufacturing products based on advanced process technologies in areas such as mobile, 5G, high-performance computing and AI.

Whilst Samsung has had a 25 year long history of semiconductor manufacturing in the US, the move comes amid an ongoing global shortage of semiconductors, driven by a combination of effects from the Covid-19 pandemic, increasing demand and a lack of sufficient facilities to meet rising demand.

Kinam Kim, vice chairman and CEO, Samsung Electronics Device Solutions Division, explained: “As we add a new facility in Taylor, Samsung is laying the groundwork for another important chapter in our future. 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.”

Pictured: (L to R) Senator John Cornyn, Governor Greg Abbott, Kinam Kim, Samsung Electronics Vice chairman & CEO

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