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

News For You
News For You
Notifications

Samsung’s chip factory in Texas may not be ready until 2026

Business
By 

Last updated: June 20th, 2024 at 10:42 UTC+02:00

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.

The story continues after the video below.

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.

Business Samsung FoundrySamsung SemiconductorUSA Join SamMobile's WhatsApp Channel
Scroll for more related content
News For You

You might also like

Galaxy Note 20 5G gets July 2024 security update

Galaxy Note 20 5G gets July 2024 security update

In all the hustle and bustle of the Galaxy Unpacked event, Samsung is taking the rollout of the July 2024 security patch slowly. After detailing it earlier this month, the company had released it to only two devices, the Galaxy A55 and the Galaxy Z Fold 3. Now, the brand is making the July 2024 […]

  • By Abid Iqbal Shaik
  • 2 days ago
Samsung releases July 2024 security update to Galaxy Z Fold 3

Samsung releases July 2024 security update to Galaxy Z Fold 3

Now that the Galaxy Z Fold 6 is out, the Galaxy Z Fold 3 is three generations old. However, that doesn’t mean Samsung is putting it on the back burner. The company has now started rolling out the July 2024 security patch to the Galaxy Z Fold 3. The July 2024 security patch fixes a […]

  • By Abid Iqbal Shaik
  • 2 days ago
Grab the Galaxy Z Fold 6 for just $699 with free memory upgrade

Grab the Galaxy Z Fold 6 for just $699 with free memory upgrade

Yesterday at Unpacked, Samsung started a new chapter in the Galaxy Fold saga and announced the Galaxy Z Fold 6 as its thinnest yet strongest foldable phone to date. It is now available for pre-order, and if you intend on upgrading from an older Fold model, you can buy the Galaxy Z Fold 6 for […]

  • By Mihai Matei
  • 2 days ago
Galaxy Watch 6 gets third One UI 6 Watch beta update

Galaxy Watch 6 gets third One UI 6 Watch beta update

Samsung has released the Galaxy Watch 6 One UI 6 Watch beta 3 update in South Korea and the USA. This update comes the same day the company announced its first smartwatches with One UI 6 Watch out of the box, the Galaxy Watch 7 and the Galaxy Watch Ultra. Galaxy Watch 7 One UI […]

  • By Asif Iqbal Shaik
  • 3 days ago
Verizon launches Samsung’s latest Galaxy devices on pre-order

Verizon launches Samsung’s latest Galaxy devices on pre-order

Verizon has just officially revealed its pre-order pricing strategy for the new Galaxy device lineup Samsung announced at Unpacked 2024 earlier today. The US carrier offers the entire product lineup, save for the new Galaxy Ring. Among all the carriers, AT&T has exclusivity over Samsung's first smart ring at launch. Starting with the latest foldable […]

  • By Mihai Matei
  • 3 days ago
Next-gen Galaxy devices are available for pre-order through AT&T

Next-gen Galaxy devices are available for pre-order through AT&T

Samsung's new Galaxy device lineup unveiled at Unpacked 2024 is now available for pre-order in the USA from Samsung, but you can also pre-purchase the devices through AT&T. Here's all you need to know. AT&T offers the Galaxy Z Flip 6 with 512GB of storage for $1,099, $30.56 a month through an AT&T Installment Plan, […]

  • By Mihai Matei
  • 3 days ago