Samsung is expanding its presence in the US by investing in a $17 billion advanced semiconductor manufacturing plant in Taylor, Texas, which will be operational in 2024. Samsung has announced a total of $5 million in donations to the University of Texas at Austin (UT), Texas A&M University, and the University of Illinois Urbana-Champaign (UIUC) in an attempt to build a STEM-ready workforce in the US. These donations serve a dual purpose: they improve STEM education while also boosting the STEM-ready talent pool for the US semiconductor sector. The US semiconductor manufacturing industry and the local supply chain of sophisticated semiconductor solutions will increase with Samsung’s pledge.
- University of Texas at Austin Cockrell School of Engineering: $1 million by Samsung Austin Semiconductor for the support of collaboration and activity for improvement in participation in UT engineering programs
- University of Texas at Austin Cockrell School of Engineering: $2.7 million by Samsung Electronics for semiconductor research and development programs.
- Texas A&M College of Engineering: $1 million for semiconductor education and recruitment events
- University of Illinois Urbana-Champaign Grainger College of Engineering: $1 million for helping engineering students working in semiconductor business
Scholarships, research grants, state-of-the-art laboratories, cutting-edge technologies, and curriculum development are among the items donated. Internship programs, mentorship activities, and industry linkages will be promoted by these scholarships. This will bridge the gap between academics and the semiconductor industry, offering hands-on experience and real-world insight for students about the sector. At the Austin plant, Samsung Austin Semiconductor now employs around 45,000 workers, and the new Taylor facility will employ 2,000 people.
According to a recent Semiconductor Industry Association survey, semiconductor businesses throughout the country have declared over 44,000 new planned positions since the CHIPS and Science Act passed. The firm expects these events will greatly help in overcoming the talent gap, which is essential for the semiconductor sector. Samsung Austin Semiconductor announced its 5-star workforce development plan in August for creating a semiconductor fabrication facility under construction in Taylor as well as an Austin fabrication facility that has been operating for 27 years.
This 5-star workforce development strategy focuses on five critical areas in which Samsung Austin Semiconductor feels it can expand and adapt:
- K-12 Schools: Most of the schools in the Taylor and Manor districts are focused, and the children are encouraged to get interested in STEM learning, along with the local school districts, to invest in STEM education.
- Two-year technical/trade schools: to educate, train, attract, hire, and retain technicians and skilled persons through efforts and collaborations.
- Four-year colleges: To improve participation in engineering programs and promote semiconductor research and curriculum to extend the semiconductor STEM pipeline through four-year partnerships with colleges.
- Community partners: expanding the STEM pipeline by focusing on women’s involvement and economically challenged communities through community-based programs.
Military: veteran organizations and Texas-based military individuals transitioning to civilian life who are looking for jobs in Central Texas.
Don’t miss our latest news on Samsung technology. Follow SamLover.com on your favorite social media platforms for instant notifications.
Passionate about technology at the service of digital entertainment that can be used through any platform. Music, movies and video games have always taken up a good part of his free time, but he doesn’t give up outdoor activities, from simple walks to cycling and skiing. He has been producing editorial content for SamLover since 2022 and has run a computer and telephony store for 3 decades.