Samsung Electronics has confirmed plans to build a new semiconductor manufacturing facility in Taylor, Texas. The estimated USD 17 billion investment in the US will help boost production of advanced logic semiconductor products, the company said.
The facility will manufacture products based on advanced process technologies for application in areas such as mobile, 5G, high-performance computing and artificial intelligence.
The company will break ground on the new building in the first half of 2022 with the target of having the facility operational in the second half of 2024. The Taylor site will span more than 5 million square meters and is expected to serve as a key location for Samsung’s global semiconductor manufacturing capacity along with its latest new production line in Pyeongtaek, South Korea.
The total expected investment of USD 17 billion, including buildings, property improvements, machinery and equipment, will mark the largest-ever investment made by Samsung in the US. This will also bring Samsung’s total investment in the US to more than USD 47 billion since beginning operations in the country in 1978, where the company now has over 20,000 employees across the country.
After reviewing multiple locations within the US for a potential manufacturing site, the decision to invest in Taylor was based on multiple factors, including the local semiconductor ecosystem, infrastructure stability, local government support, and community development opportunities. In particular, the proximity to Samsung’s existing manufacturing site in Austin, about 25 kilometers southwest of Taylor, allows the two locations to share the necessary infrastructure and resources.
This latest expansion of Samsung’s US presence is expected to create over 2,000 high-tech jobs directly and thousands of related jobs once the new facility is in full operation. As part of its co-investment in the community, Samsung will also contribute financial support to create a Samsung Skills Center for the Taylor Independent School District to help students develop skills for future careers as well as providing internships and recruiting opportunities.
