It’s amazing to see Samsung build their new semiconductor facility in Taylor, Texas. People frequently lament the high cost of building in the United States or the challenges they have in completing tasks in this new era of industrial policy and the growth of domestic semiconductor manufacturing. Based mostly on labor costs and the extent of government incentives, the Semiconductor Industry Association determined that the United States was not a cost-competitive destination.
Samsung allegedly made the decision to start making AI chips at its US Taylor facility in Texas. The business is expanding its $17 billion chip facility, which is presently under construction, by 2.7 million square feet as a result of the decision. In close proximity to the $17 billion semiconductor plant being built in Taylor, Texas, US, Samsung has reportedly begun work on a 2.7 million-square-foot (about 250,000-square-meter) extension, states the source, Korea JoongAng Daily. Included in the $17 billion project that Samsung unveiled in 2021 is the second fabrication factory. Construction on the project began last year, with completion scheduled for 2024.
A document uploaded to the official website states that the city of Taylor has assigned a local engineering firm to provide development review and inspection services for a new facility named “Samsung Fabrication Plant 2” in the city. It is said that the cost of construction and raw materials has increased, bringing the total investment to $25 billion. This structure is a component of a $17 billion undertaking that Samsung Electronics declared in 2021. With mass production anticipated in 2024, construction got underway last year.
The investment increased to $25 billion, as per the Taylor City website and other media, as a result of growing raw material and construction prices. With a commitment to invest $192.1 billion over the next 20 years, Samsung applied for tax breaks for 11 more fabrication sites with the state of Texas last year.
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