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Samsung CEO confirms construction of US semiconductor plant is on track

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Last updated: January 16th, 2023 at 07:28 UTC+01:00

Samsung announced back in 2021 that they would build a $17 billion semiconductor factory in Taylor, Texas, USA. In December 2022, it was reported that the company has started procuring new equipment for this plant. Now, according to the latest information shared by Samsung’s CEO Kyung Kye-hyun, the construction of the chip plant in Taylor is ‘on track’ and will get completed as scheduled.

In an Instagram post, Dr. Kyung said, “The fab will be finished within this year and start producing the best products.” Samsung CEO Kyung also shared a photo of the Williamson County Judge Bill Gravell giving him a ‘Samsung Highway’ road sign, as per Yonhap News Agency. Notably, the road was formerly known as ‘Future County Road’ near Samsung’s Taylor semiconductor plant site. It has now been renamed ‘Samsung Highway.’

There were multiple reasons for Samsung to choose this particular site in Taylor, Texas, in the USA, for its semiconductor plant. Some of which include the surrounding local semiconductor ecosystem, infrastructure stability, local government support, and community development opportunities. Samsung’s semiconductor plant in the USA will help boost the production of advanced chip solutions that will power next-gen technologies.

Also, Samsung’s current fab plant in Austin is in close proximity. All these reasons made Samsung make its largest-ever investment in the US to build a supply chain of semiconductors while contributing to the community.

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