Samsung announced back in 2021 that it's going to build a semiconductor plant in Taylor, Texas that's going to cost $17 billion. This was part of the company's plan to expand its global chip manufacturing facilities. The company had said back then that mass production of chips at this plant would begin by 2024.
The project appeared to be on track but it was reported some time back that perhaps the plant may not become operational by 2024, rather, production would begin the following year in 2025. However, it seems that the plans are back on track.
Samsung's new US chip plant to become operational this year
A new report reveals that Samsung's $17 billion chip plant may begin operations by July 1 this year. This comes from Williamson County Judge Bill Gravell who informed his fellow county commissioners of the same. Gravell came to know this following his meeting with Samsung's chief financial officer in Seoul recently.
Gravell said that his understanding, based on the conversations he's had, is that the Samsung Taylor plant will start receiving occupants in its building facility no later than July 1. Manufacturing is likely to begin in this timeframe as well.
Samsung has already announced its plans to further expand the Taylor plant. Gravell also shared that construction crews have begun pouring foundation for the second plant at the complex, adding that it would be the single biggest building in the United States.
Subsequently, Samsung's total investment in the Taylor complex has risen to $25 billion from $17 billion, thereby providing a significant boost to the local economy.
