Samsung Electronics is facing several challenges in the semiconductor market, but to stand strong against its rival, it is looking forward to massively investing in building a new Semiconductor chip foundry in Taylor.
Samsung’s massive investment in a semiconductor chip foundry in Taylor, Texas, is still planned for late next year, but it’s been delayed by over a year from the schedule that was disclosed initially.
The key focus behind this project is to create 3,500 permanent jobs. On the other side, Samsung, along with other manufacturers struggling to encounter economic breeze as customers adjust their strategies due to the rising and falling trade war initiated by President Donald Trump earlier this month.
Previously, it was reported that Samsung’s Taylor plant was facing another delay, pushing production into 2027, but later than it was also rumored that Samsung officials gave assurances that everything was still good for 2026. Samsung Austin Semiconductor spokeswoman Michele Glaze stated, “We are targeting operations by the end of 2026.”
Noticeably, despite a one-year delay, the chip plant is still on track for tax breaks, and reportedly, the Local high school interns will start this summer in Austin and Taylor. However, the company is facing challenges in producing increasingly smaller chips for AI. A few years back, Samsung’s $17 billion Taylor investment was announced in 2021 and is supported by the CHIPS Act, and it will be interesting to see exactly what will happen next.
