Samsung resumes investment in new USA chip plant after Tesla deal

In 2021, Samsung started constructing a semiconductor manufacturing facility in Taylor, Texas, USA. However, in September 2024, the tech giant stopped the construction of the factory because the demand for its chip making services was low. 

However, last month, Elon Musk’s Tesla signed a massive deal with Samsung for 2nm chips. With that, the South Korean tech giant is resuming the construction of its chip fabrication facility in Taylor by investing $4 billion into it, says a new report from Korea.

According to a new report from ET News, Samsung is resuming the construction of its semiconductor manufacturing facility in Taylor. Apparently, the brand is ordering equipment worth four trillion won (approximately $2.87 billion) required to make chips there. Along with that, the South Korean tech giant is hiring people (mainly engineers) for the facility. Reportedly, the brand has planned to hire people in two phases. The first phase is in September and the second phase is in November.

People familiar with the matter said: “We have completed the personnel selection process and plan to deploy personnel in September and November. Many partners have already announced equipment orders and are in the process of preparing.”

Up until now, the head of Samsung’s chip fabrication facility for Austin was overseeing the construction of the brand’s fab in Taylor. However, with the new facility’s construction resuming in full swing, Samsung has appointed a dedicated head for it.

Earlier today, we learned that with the construction of the facility about to complete and it getting ready to make chips, Samsung is actively seeking customers for its second-generation 2nm fabrication process, which, the brand calls SF2P.