(9 days left!) Be the first with a 200MP camera! Go to Samsung to reserve and gain $100 in Samsung credit!

SamMobile has affiliate and sponsored partnerships. If you buy something through one of these links, we may earn a commission. Learn more.

Samsung buys even more land for new US chip factory

Business
By 

Last updated: July 21st, 2022 at 12:00 UTC+02:00

Samsung announced in November 2021 that it would be purchasing new land plots for the construction of a new foundry in the USA. While Samsung looked at multiple locations, it finally settled for Texas. Now latest reports confirm that the Korean giant has completed the additional land acquisition and is waiting for approval from the municipality of Taylor, Texas, USA.

The public hearing for the two land plots that Samsung purchased for its foundry will be held on July 14. The municipal government will then discuss the inclusion of both land plots into the Tax Increment Reinvestment Zone (TIRZ). Samsung’s already existing plant site is included in the TIRZ and enjoys tax breaks.

Samsung was all set to host a grand opening ceremony in June

Samsung Electronics is reportedly spending $17 billion to boost its semiconductor capacity in USA. The work is going on the fast track because, after announcing the construction of the foundry in the first half of 2022, site maintenance and foundation work has already started.

The company was all set to host a grand ceremony in June, but because the presence of Samsung Electronics vice chairman Lee Jae-Yong, was unclear, the program was delayed. Besides, Samsung was also waiting for the passage of a bill for the Semiconductor Industry Promotion Act by the US Senate and House of Representatives.

The Semiconductor Industry Promotion Act is a significant measure by the current US administration to increase the country’s competitiveness in the semiconductor industry. Through the bill, it proposes to provide $52 billion in support to the semiconductor industry in the United States. Samsung has proven to be a vital partner for the administration’s efforts to streamline the chip supply chain for the US.

Join SamMobile’s Telegram group and subscribe to our YouTube channel to get instant news updates and in-depth reviews of Samsung devices. You can also subscribe to get updates from us on Google News and follow us on Twitter.

Business FoundrysemiconductorUSA
Load 1 comments

You might also like

Daily Deal: Save $50 on the USA unlocked Samsung Galaxy A53 5G

One of the best mid-range phones on the USA market, the Galaxy A53 5G, is now available at a discount from Amazon. With this deal, you can buy the factory-unlocked Galaxy A53 5G in black at 11% off. The unlocked Galaxy A53 5G at Amazon now costs $399 instead of $449 without a trade-in or […]

  • By Mihai Matei
  • 15 hours ago

Carrier-locked Galaxy A13 LTE is now getting Android 13 in the USA

As we wait for the upcoming Galaxy S23 series to uncover what’s new in One UI 5.1, Samsung keeps bringing the One UI 5.0 update to more devices released last year. The low-cost Galaxy A13 (LTE) is now getting the Android 13 update in the USA. The update is available for the carrier LTE variant […]

  • By Mihai Matei
  • 19 hours ago

Galaxy S10 Lite Android 13 (One UI 5) update reaches the USA

Scores of Galaxy smartphones have been updated to Android 13 and One UI 5.0 already, with most of them getting the update before 2023 kicked off. The Galaxy S10 Lite first received the Android 13 update in November last year and, at long last, it is being updated in North America. The update is available […]

  • By Abhijeet Mishra
  • 5 days ago

Leaked document shows Samsung isn’t increasing Galaxy S23 price in the US

Yesterday, it was reported that Samsung might launch the Galaxy S23 series at higher prices than the Galaxy S22 series in some markets. However, a newly-leaked document from a network carrier in the US has revealed that Samsung will stick to the $800 starting price with the Galaxy S23 series. A Galaxy S23 series promotional […]

  • By Asif Iqbal Shaik
  • 5 days ago

Galaxy Note 20 5G is getting January 2023 security patch

A couple of days ago, Samsung rolled out the January 2023 security patch to the international variant of the Galaxy Note 20 4G (SM-N981F) and Galaxy Note 20 Ultra 4G (SM-N985F). Today, the company is rolling out the same security update to the international variant of the Galaxy Note 20 5G (SM-N981B) and the Galaxy […]

  • By Asif Iqbal Shaik
  • 6 days ago

US unlocked Galaxy S20 is finally getting Android 13 One UI 5

In November 2022, Samsung rolled out the Android 13 (One UI 5.0) update to the Galaxy S20 series. However, the US-unlocked variants of the devices weren’t so lucky. They were running Android 12 (One UI 4.1) even two months after the international variant got the new update. But that changes today as Samsung is now […]

  • By Asif Iqbal Shaik
  • 6 days ago