Order the King of Android! Get your Galaxy S25 Ultra today! Follow us on Google news!

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

News For You
Notifications

Samsung’s $17 billion chip plant to reportedly come up in Texas

Business
By 

Last updated: November 23rd, 2021 at 07:17 UTC+01:00

It was rumored that Samsung would soon announce its plans to set up a $17 billion semiconductor chip plant in the US. While some reports claimed that the plant would be in Arizona, others reported that the South Korean firm would choose Austin or New York for the factory's location. Now, a new report claims that Samsung will set up the upcoming chip factory in Texas.

According to a new report from the Wall Street Journal, Samsung will build a semiconductor chip factory on 1,200 acres of land in Taylor, Texas, in the US. The report also claims that Greg Abbott, the governor of Texas, is scheduled to make an “economic announcement” on Tuesday at 5 PM (local time). Documents filed with the state planners claim that the plant will offer up to 1,800 jobs, and the chip production could begin sometime in 2024.

Texas reportedly offered substantial tax incentives to attract Samsung to the state for its next chip plant. The state could provide breaks for over 90% in property taxes for the first ten years. However, these incentives will gradually decrease in the following decades. For decades, Samsung has already been operating a chip plant in Austin, Texas, but the Taylor chip plant is reportedly bigger.

Samsung Foundry's biggest rival, TSMC, is also eying new chip plants in Japan, Taiwan, and the US (Arizona). Amid the ongoing global chip shortage, foundry firms like Global Foundries, Samsung, and TSMC are investing hundreds of billions of dollars to set up new chip plants or expand the existing ones. Still, the chip shortage will likely not end before 2024.

Join SamMobile's Telegram group and subscribe to our YouTube channel to get instant news updates and in-depth reviews of Samsung devices. You can also subscribe to get updates from us on Google News.

Business Samsung ElectronicsSamsung FoundryUSA
Galaxy AI summarized

Scroll for more related content
News For You

You might also like

February 2025 security update reaches Galaxy S23 in the USA

February 2025 security update reaches Galaxy S23 in the USA

Amid all the criticism related to the One UI 7.0 rollout delay, Samsung has been continuously rolling out the newest security update to its phones and tablets. The Galaxy S23 series is now getting the February 2025 security update, starting with the USA. Factory-unlocked Galaxy S23 gets February 2025 security update in USA Samsung has […]

  • By Asif Iqbal Shaik
  • 9 hours ago
Galaxy S25 online-exclusive colors are out of stock in USA

Galaxy S25 online-exclusive colors are out of stock in USA

Although the Galaxy S25 pre-order period is over, Samsung is still continuing with pre-order offers and promotions in the USA. However, most online-exclusive colors of the new phones are not in stock on its website. Galaxy S25 online-exclusive colors are mostly out of stock The online-exclusive color variants of the Galaxy S25 appear to be […]

  • By Asif Iqbal Shaik
  • 15 hours ago
Galaxy S24 gets another One UI 7 beta update in the USA

Galaxy S24 gets another One UI 7 beta update in the USA

That was fast! Samsung has released a new One UI 7.0 beta update to the Galaxy S24 series in the USA. This update is only available to those who have enrolled their Galaxy S24 series phones in the One UI 7.0 Beta Program. Galaxy S24 gets One UI 7.0 Beta 4 hotfix update in USA […]

  • By Asif Iqbal Shaik
  • 4 days ago
Samsung explains its Dolby Atmos rivaling Eclipsa Audio standard

Samsung explains its Dolby Atmos rivaling Eclipsa Audio standard

Alongside its new TVs and soundbars, Samsung unveiled a new spatial audio format at CES 2025. This audio format, called Eclipsa Audio, is co-developed with Google to rival Dolby Atmos. Samsung has now explained more about it. Samsung's Eclipsa Audio standard is flexible and royalty-free Eclipsa Audio is an effort to make a reliable spatial audio […]

  • By Asif Iqbal Shaik
  • 5 days ago
TSMC’s Intel foundry deal could spell trouble for Samsung

TSMC’s Intel foundry deal could spell trouble for Samsung

Samsung's been struggling to catch up with TSMC in the lucrative contract chip manufacturing market. The Korean giant has been investing heavily in new foundry facilities to increase its capacity and technology, but there's a new deal on the horizon that might spell trouble for Samsung. TSMC holds the dominating market share while Samsung is […]

  • By Adnan Farooqui
  • 5 days ago
Samsung’s Harman acquisition is now paying off big time

Samsung’s Harman acquisition is now paying off big time

Harman International, best known for the 12+ audio brands it owns, was acquired by Samsung in 2017 for $8 billion. This was the company's most expensive acquisition yet and has remained so as Samsung hasn't made any major acquisitions since then. Despite a rocky start and challenges along the way that had many questioning the […]

  • By Adnan Farooqui
  • 5 days ago