$17 Billion Chip-Making Plant in US – Samsung Future Plan

According to documents filed with Texas state officials, Samsung Electronics is considering Austin, Texas, for a new $ 17 billion chip plant that said the South Korean firm could create 1,800 jobs.

According to the document, the tech giant is seeking a combined tax exemption of $ 805.5 million from Travis County and the city of Austin for over 20 years.

Samsung said in its filing that if Austin is selected, the company will break ground on the site in the second quarter of this year and the plant will be operational in the third quarter of 2023.

Samsung said in the documents, “The project is highly competitive, and the company is looking at alternative sites in the US, including Arizona and New York …” Market momentum in chip ecosystems and site evaluation.

Samsung’s US customers include Tesla, Qualcomm, and NVIDIA in its contract manufacturing chip business.

Samsung’s filing states that it plans to build “advanced logic devices”, meaning it will aim to create the smallest, fastest type of computing chips for customers. The company also has an existing micro-chip plant in Austin that makes computing Micro-chips.

In a statement to Reuters, Samsung confirmed that it is considering an expansion of its chip features, but no decision has been made yet.

The documents stated that the project would build 7 million sq ft (650,000 sq m) on a 640-acre (259 hectares) site of which the company already owns.

Charles E., the prominent leader of the US Senate. Schumer called on Samsung to set up a factory in its home state of New York, which pledged to work to secure federal incentives for the facility, which it said would compete with China in raising the local chip Are important to America. production.

While Intel Corp. makes such chips for itself in the United States, most contract manufacturers that make them for external customers, such as Taiwan Semiconductor Manufacturing (TSMC) Co. Ltd. and Samsung, maintain most of their facilities in Taiwan and Korea, respectively Huh.

TSMC, which counts Apple among its major customers, had expected a $ 12 billion chip plant in Arizona last year to come online in 2024.

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