Samsung has dedicated to construct a chip-making manufacturing unit in Texas, simply because the US begins to push for the growth in semiconductor manufacturing throughout the nation. The Korean tech big might be investing $17 billion into the brand new facility, which can manufacture high-end and superior chips for smartphones, 5G and synthetic intelligence, amongst different purposes. According to The Wall Street Journal, building for the manufacturing unit is scheduled to start subsequent yr, whereas manufacturing throughout the facility is predicted to begin within the second half of 2024. 

The US authorities has been taking steps in direction of boosting semiconductor manufacturing within the US, following the worldwide chip scarcity brought on by shuttered crops and the excessive demand for PCs and different gadgets throughout the pandemic. This situation continues to have a big impact throughout industries — simply this yr, automakers like GM and Ford needed to droop or lower manufacturing of their US crops on account of provide constraints. 

Samsung scouted places in Arizona, New York and Florida for the brand new mission and in addition thought-about Austin, the place it has an current manufacturing unit. It finally selected Taylor, Texas for this new facility because of the beneficiant tax breaks and incentives it supplied, in addition to the town’s functionality to do rolling blackouts and offering electrical energy to sure amenities within the case of energy outage. 

Kim Ki-nam, chief govt of the Samsung Electronics Device Solutions Division, mentioned in a statement:

“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 able to better serve the needs of our customers and contribute to the stability of the global semiconductor supply chain. We are also proud to be bringing more jobs and supporting the training and talent development for local communities, as Samsung celebrates 25 years of semiconductor manufacturing in the US.”