Samsung wants to build more semiconductor manufacturing plants in the US
Samsung is preparing to build more chip manufacturing facilities in the US. At the same time, the company believes that government subsidies make it possible to compensate for the difference in costs compared to the construction of sites in Asia.
This information was shared by Jon Taylor, Corporate Vice President of Production Organization. Samsung’s plans to build a new plant in Texas are driven by a desire to meet the demand for semiconductors in the US.
The first Samsung plant in the United States was opened in 1996. We had to wait 11 years for the second company. Both sites are located in Austin. Next year, the company intends to launch a state-of-the-art contract manufacturing facility for semiconductor products, but will not stop there.
The new enterprise will cost $17 billion. The South Korean company intends to invest more than half of this amount ($11 billion) in the purchase of equipment.
Samsung wants to lead the semiconductor market by the end of the decade. Currently, the leader is the Taiwanese company TSMC. At the same time, Intel has also declared a plan to become one of the top two players.
