August 13, 2022

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Samsung Eyes Texas For Chip-producing Plant

2 min read

Electronics large Samsung is contemplating the US state of Texas as a feasible site for a new $17 billion chip-generating plant, according to filings with point out officers.

The venture would involve making a substantial new semiconductor manufacturing unit on a 640-acre web site in the town of Austin now owned by Samsung, and result in the generation of at the very least 1,800 significant-having to pay employment, documents obtainable on Friday indicated.

A Samsung subsidiary cautioned in the filings that the venture is “highly competitive” and that the organization is also looking at sites in Arizona, New York, and in South Korea, in which its mother or father firm is centered.

If Austin is chosen, construction would very likely commence by the center of this 12 months and be working by the conclusion of 2023, according to Samsung.

“Mainly because of its robust ties to the neighborhood group and the effective earlier 25 decades of manufacturing in Texas, Samsung Austin Semiconductor would like to proceed to commit in the city and the condition,” the organization stated in filings.

Samsung said it was considering multiple locations for the new chip plant, Austin among them Samsung reported it was considering various places for the new chip plant, Austin among the them Photograph: AFP / Jung Yeon-je

Samsung Electronics, the world’s largest smartphone and memory chip maker, lately claimed fourth-quarter web profits had been up by far more than a quarter calendar year-on-calendar year with coronavirus-pushed performing from residence boosting desire for equipment powered by its chips.

It mentioned profits have been lifted by its show and memory chip companies.

The international chip-manufacturing field is expected to see document revenue this yr, with the stay-at-dwelling economic system persisting simply because of the pandemic, in accordance to Taipei-centered market tracker TrendForce.

Samsung has aggressively stepped up its investments in semiconductors in recent yrs.

While US-based Intel remains one of the world’s leading chip corporations, it has lagged guiding rivals in the rapidly-rising segment of mobile equipment, and its chips are being phased out by Apple, which is establishing its possess microprocessors for its Mac computers.