Samsung Electronics Confirms $17 Billion New Chip Plant in Texas
November 23 2021 - 7:16PM
Dow Jones News
By Kwanwoo Jun
Samsung Electronics Co. has confirmed its plan to build a $17
billion new chip-making plant in Taylor, Texas, as the Biden
administration is pushing to expand semiconductor production on
U.S. soil.
The South Korean tech giant in a regulatory filing early
Wednesday said the planned investment aims to meet the demand for
advanced system semiconductors and help stabilize global
chip-supply chains.
Samsung Electronics said it plans to break ground for the new
plant in the first half of 2022 and start mass production in the
second half of 2024.
The Wall Street Journal earlier reported Samsung Electronics's
planned investment on the Taylor facility, located in central
Texas, which could create around 1,800 jobs.
Write to Kwanwoo Jun at kwanwoo.jun@wsj.com
(END) Dow Jones Newswires
November 23, 2021 19:01 ET (00:01 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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