Samsung announces $ 17 billion Texas chip factory

After a recent leak, Samsung confirmedthat it will build an electronic chip factory in Taylor, Texas, at a total cost of $ 17 billion. This comes at a time when the semiconductor shortage is causing supply delays in many industries.

Samsung pays $ 17 billion for a factory

The new plant, which is to be operational by the end of 2024, is expected to create more than 2,000 skilled jobs and “lay the groundwork for a new chapter” for Samsung, Kinam Kim, vice-president, said in a statement. – President of the company’s electronic devices division. The chips manufactured on this site will have applications in mobile technologies, 5G or even artificial intelligence, the group promises.

This investment will “help protect our supply chains, revitalize our industrial base and create good jobs there , ” welcomed in a statement two senior advisers to President Joe Biden, Brian Deese for the economy and Jake Sullivan for Security.

The world is currently experiencing a shortage of electronic components in Asia, which is forcing automakers and other industries to slow down production. Chips are essential in most electronics industries, such as smartphones and computers, the demand for which is exploding with the pandemic.

Samsung knows the United States well, the Korean group has been there for 25 years now. Moreover, its new plant in Texas will be located 25 kilometers from an existing site in Austin.