Samsung Electronics Close To Finalising $17 Billion Chip Facility Construction In Texas: Report

- Advertisement -

Samsung told Reuters that it is continuing due diligence in multiple locations and that it has yet to make a decision

South Korean tech conglomerate Samsung Electronics is in the final stages of finalising the construction of a $17 billion semiconductor factory in Williamson County in the U.S. state of Texas, Reuters reported.

The factory will make advanced logic semiconductor chips and is likely to create about 1,800 jobs, Samsung previously said in filings to state officials.

- Advertisement -

In July this year, the publication reported that Samsung Electronics had applied for tax breaks to potentially build its planned $17 billion US chip factory in a location in Texas other than Austin, where it has an existing chip plant.

Samsung had also sought incentives from Austin’s Travis County to possibly build the $17 billion facility there. However, there has been no new public documentation filed for the Travis County site since March.

Samsung told Reuters that it is continuing due diligence in multiple locations, and that it has yet to make a decision.

One of the people said though no decision has been made, the Austin suburb of Williamson County is the frontrunner due to the subsidies on offer as well as the likelihood of stable sources of electricity and water.

Samsung previously said it would start construction on the new 6-million-square-foot (557,418-sq-meter) plant in January, with production up and running by the end of 2024.

The plan comes at a time when the global auto industry faces a significant semiconductor shortage.

Recently, media reports suggested that Samsung Electronics is in talks with Tesla to make Tesla’s next-generation self-driving chips based on Samsung’s 7-nanometre chip production process. Samsung already produces chips in Tesla’s current Hardware 3 computers.

In the global chip contract manufacturing industry, Samsung is second to TSMC which had 52.9 per cent of market share compared to Samsung’s 17.3 per cent as of end-June, according to analysis provider TrendForce.

- Advertisement -

Most Popular Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

5G Chipset Market to Hit $92.09B by 2030

0
Reports indicate that the global next-gen wireless processor market is on track to surpass the $100 billion mark in the coming decade. The 5G chipset...
Gursaurabh Singh, Founder of Dhruv Vidyut

“Electrifying Rural Mobility- Converting Traditional Bicycles Into E-Bikes”

0
In a conversation with Nitisha Dubey from EFY, Gursaurabh Singh, the Founder of Dhruv Vidyut, discusses their conversion kit, which can transform any conventional...
Rahul Bollini, the Founder of Bollini Energy

“Formal Contracts For Long-Term Commitments Are Not Always Necessary”

0
Bollini Energy collaborates with various companies interested in understanding the complete value chain of Lithium-ion cells. They offer technical services that span from mining...

Buzz

FAME 3 Likely To Launch On Budget Day With INR 10k Cr Budget

0
People familiar with the discussions informed that the Faster Adoption & Manufacturing of Electric Vehicles (FAME) scheme is likely to include support for electric...

Dixon Technologies Plans Multi-Million Dollar Investment In India

0
The domestic electronics manufacturer has planned 1500-1800 crores INR investment, seeks to venture into new sectors.  Dixon Technologies, a producer of e-components, recently disclosed its...

Clean Mobility Establishes Pune Facility For Zbee

0
Clean Mobility Solution India Pvt. Ltd. establishes a manufacturing facility in Pune to localise and indigenously produce the 'Made in India' Zbee, a three-wheeled...

Important Sectors

FAME 3 Likely To Launch On Budget Day With INR 10k Cr Budget

0
People familiar with the discussions informed that the Faster Adoption & Manufacturing of Electric Vehicles (FAME) scheme is likely to include support for electric...

Dixon Technologies Plans Multi-Million Dollar Investment In India

0
The domestic electronics manufacturer has planned 1500-1800 crores INR investment, seeks to venture into new sectors.  Dixon Technologies, a producer of e-components, recently disclosed its...

Clean Mobility Establishes Pune Facility For Zbee

0
Clean Mobility Solution India Pvt. Ltd. establishes a manufacturing facility in Pune to localise and indigenously produce the 'Made in India' Zbee, a three-wheeled...

VinFast Invests $2 Billion In India Expansion

0
Vietnamese electric carmaker VinFast expands across Asia, opening new factories in India and Indonesia, despite challenges in the competitive EV market and slowing global...

Statiq Plans 5,000 New Chargers With Hyundai, ChargeMOD, And GLIDA Partnerships

0
Chargers managed by the partner CPOs will be fully integrated into the Statiq app, providing users with clear visibility and access to an extensive...

Manufacturing

Honeywell Creates AI Software For Gigafactory Efficiency

0
Honeywell anticipates that its new battery manufacturing excellence platform will lower the costs of cell production, speed up the ramp-up cycles, and decrease material...

Raju B Ketkale Named CEO Of Lumax Industries

0
He takes over from Vishnu Johri, who is stepping down for personal reasons. Lumax Industries Limited, a Tier-1 automotive lighting system and component manufacturer within...

Schaeffler And Symbio JV Innoplate Starts Fuel Cell Plate Production

0
Starting with an initial production capacity of 4 million bipolar plates, the Innoplate joint venture is projected to achieve an annual output of 50...

Tesla Pushes Suppliers To Source Parts Beyond Taiwan And China

0
China and Taiwan are major global producers of essential electronics parts and components. Tesla has requested that its suppliers move the production of components and...

Uno Minda Shines With Increased Content Per Car And EV Focus

0
Uno Minda, a key player in the auto parts industry, has demonstrated significant revenue growth, surpassing industry averages by more than double over the...