Samsung Electronics has announced plans to invest an estimated US$17 billion in the establishment of a new semiconductor manufacturing facility in Taylor, Texas. The fab will be dedicated to producing advanced logic semiconductor solutions that power next-generation innovations and technologies.
The new US fab will manufacture products based on advanced process technologies for application in areas such as mobile, 5G, high-performance computing (HPC) and artificial intelligence (AI), Samsung indicated.
Groundbreaking will be in the first half of 2022 with the target of having the facility operational in the second half of 2024, according to Samsung. The Taylor site will span more than 5 million square meters and is expected to serve as a key location for Samsung's global semiconductor manufacturing capacity along with its latest new production line in Pyeongtaek, South Korea.
"As we add a new facility in Taylor, Samsung is laying the groundwork for another important chapter in our future," said Kinam Kim, vice chairman and CEO of Samsung's device solutions division. "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."