Samsung Electronics' semiconductor chip factory in Taylor, Texas, USA, reportedly won't be operational until 2026. The company had announced its plans to invest $17 billion to set up this chip factory, but it had to invest more as construction costs and other overheads have increased compared to the company's original plans.
Samsung's chip factory in Texas is expected to fabricate 2nm and 4nm chips
According to a report from MySA, Samsung's new semiconductor chip plant in Central Texas will start operating in 2026. While the report claimed that the original plan was to start operations in July 2024, the South Korean firm's executives maintain that this is the same delay reported in 2023 and isn't an additional delay.
When the original operations delay was reported in December 2023, it was said that mass production at the plant had been delayed until 2025. However, Williamson County Judge Bill Gravell reportedly told county commissioners that the project was on time and manufacturing would begin no later than July 1, 2024. However, that doesn't appear to be the case.
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Samsung received $6.4 billion worth of benefits from the US government under the US CHIPS and Science Act. This act aims to attract major chip designers and manufacturers to set up plants in the US and grow the local semiconductor chip design and manufacturing ecosystem. This would ideally decrease the US' reliance on China, South Korea, and Taiwan for semiconductor chips.
Samsung's chip plant will improve the economy of Texas
Samsung reportedly decided to increase its investment to $25 billion for this plant. This plant will have a chip design and chip manufacturing sections, employing around 17,000 people when it is fully operational. The company is also collaborating with local schools, colleges, and universities to create more talent needed for the plant in the future.
Earlier this month, the Texas Department of Transportation (TxDOT) opened a new highway called Samsung Highway. This four-lane road will improve transportation in and out of the facility and connect it to Austin. Since Samsung's plant is expected to improve the economy of Texas, improvements were also made to existing roadways, water lines, and turn lanes.
