Samsung will create 2,000 jobs in Texas with $17 billion chip factory

Announced its largest-ever investment in the United States, the South Korean electronics giant on Tuesday said the factory will directly create 2,000 high-tech jobs and thousands more for the country. local economy when it comes into operation. The facility is expected to start operating in the second half of 2024

“With our larger manufacturing capacity, we will be able to better serve our customers’ needs and contribute to the stability of the global semiconductor supply chain,” said Kinam Kim, Vice President and General Manager. executives of Samsung Electronics, said in a statement.

The company said that it selected the city of Taylor in Texas for the new factory based on a variety of factors, including its proximity to Samsung’s current production site in Austin, the local semiconductor ecosystem and the support of Samsung. government.

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The Taylor site will span more than 5 million square meters and is expected to serve as a key site for Samsung’s global semiconductor manufacturing capacity, alongside its newest production line in Pyeongtaek. , South Korea.

Samsung’s announcement comes at a time when the Biden administration has promote manufactures and researches semiconductors in the United States.

Although currently Due to the worldwide shortage of computer chips mainly due to the impact of the pandemic, extreme weather events that have hampered production and other factors, the United States has been lagging behind other countries. producer for several years.

According to the Worldwide Semiconductor Industry Association, its market share in the worldwide semiconductor manufacturing sector fell to just 12% last year. This is down from 37% in 1990. The trade group blames “substantial” subsidies offered by foreign governments for putting the United States at a “competitive disadvantage”.

Asian countries, including Taiwan and Korea dominates the industry. Samsung and other Korean manufacturers are spending huge amounts of money to ramp up their production over the next decade.
In the May, Samsung said that they will invest 38 trillion won ($34 billion) in manufacturing logic chips, the brains that power computers. That brings the company’s total spending on business operations to 171 trillion won ($151 billion). next decade, including commitments announced in 2019.

The chip maker also announced in the May that it has begun construction of a production line in Pyeongtaek – one of the world’s largest semiconductor manufacturing hubs – which is expected to be completed in 2022.

– Matt Egan and Diksha Madhok contributed to this report.


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