Samsung to invest $17 billion for yet another chip factory in the US

Last month, Samsung reportedly considered spending $17 billion to build a new chip factory in the United States. Going forward, South Korean media recently reported that the company will announce its plans to build a new chip industry later this month.

According to the info, Samsung Electronics projects to establish a new chip manufacturing in the United States, which will begin construction in the third quarter of this year and will begin production after completion. This new chip plant will certainly help the industry recover from global chip shortages.

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It will take some time for Samsung Electronics’s plant to be completed and put into production as the chip production plant is relatively complex and requires a lot of advanced equipment. If it continues, Samsung will begin construction on the site of the Williamson Country site in the first quarter of 2022, with the intended product in the last three months of 2024.

Apart from this, the South Korean tech giant is expected to build a chip factory in Austin Texas, while it already has a chip factory in operation in Austin. Moreover, some documents show that Austin is one of the potential areas for Samsung to consider building a new chip factory with a $17 billion investment and it will create 1800 new jobs.

If Samsung moves forward, it will effectively go top on American ground and TSMC, which is on track to build its $ 12 billion chip plant in Arizona by 2024. Samsung is trying to hold TSMC in a business called Foundry The chips of the companies of the world’s most valuable companies have been given a huge shortage of semiconductors students in recent weeks.

Under Samsung family scion Jay Y. Lee, the company has said it wants to be the biggest player in the $400 billion chip industry. It plans to invest $151 billion through 2030 into its foundry and chip design businesses, aiming to catch TSMC by offering chips made using 3-nanometer technology in 2022.

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