On November 23, Samsung Electronics announced the company is investing $17 billion to build a new semiconductor manufacturing facility in Taylor, Texas. According to the press release, it is the largest-ever investment by Samsung in the United States, and it will improve the supply chain resilience of crucial logic chips. Groundbreaking will be in the first half of 2022, and Samsung plans to have the facility operational in the second half of 2024.
“In addition to our partners in Texas, we are grateful to the Biden Administration for creating an environment that supports companies like Samsung as we work to expand leading-edge semiconductor manufacturing in the U.S.,” said Kinam Kim, Vice Chairman and CEO, Samsung Electronics Device Solutions Division.
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Wow, this is huge! Samsung’s $17 billion investment in Texas is going to be a game-changer for the semiconductor industry. It’s impressive how much the company is putting into expanding its production capabilities, especially with the growing demand for chips across various sectors. This move will not only strengthen the supply chain but also create tons of new jobs.
Speaking of investment in tech, it’s amazing to see how advancements like these are reflected in other areas, such as home tech. For example, I recently came across a company that specializes in upgrading home windows with high-tech films that improve energy efficiency and privacy. It’s all about integrating technology to make our lives better. Check it out at windowfilminstallers.com – it’s amazing what a difference it can make to your space!
The future is looking bright with all these innovations! 🙌