Samsung set to compete against TSMC with new foundry in US

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Tech giant to begin mass production in $17 bill. Taylor plant from 2024

koreatimes.co.kr, Nov. 24, 2021 – 

Samsung Electronics is looking to speed up its move to become the world's leading semiconductor company in system semiconductors by 2030, alongside its lead in the memory chip business.

The Korean tech giant has finalized the location of its new semiconductor fabrication plant, or foundry, in the U.S., announcing Wednesday it will invest $17 billion in the facility in Taylor, Texas. This is the largest investment ever made by Samsung in the U.S. The company said construction will begin in the first half of 2022, and mass production in the second half of 2024.

The new U.S. foundry is expected to help Samsung respond more quickly to demand and also secure new customers; as the global chip supply shortage issue that has impacted many companies in a wide range of business areas is forecast to stabilize.

Over the long term, Samsung expects the investment to contribute to the development of a next-generation IT sector and accelerate the Fourth Industrial Revolution by expanding its ability to manufacture high-performance chips.

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