Samsung Restarts Texas Chip Plant with $4B Investment, Boosting U.S. Supply Chain
Samsung Electronics is restarting construction on its semiconductor plant in Taylor, Texas, following a 2024 pause due to global demand fluctuations. The project, now bolstered by a fresh $4 billion investment calculator, aims to fortify the U.S. semiconductor supply chain and boost domestic chip production.
The Texas plant will manufacture advanced 2nm chips using Samsung's SF2P process, catering to electric vehicles and AI systems. This marks a significant upgrade from the initial plan, which envisioned a 5nm EUV facility.
The renewed momentum is driven by a contract with Tesla for next-generation 2nm chips, ensuring demand for expansion. Samsung will hire engineers in two phases, starting in September and continuing in November, to support the project. This hiring spree is expected to generate thousands of high-tech jobs in the region.
Samsung is not alone in its U.S. semiconductor investment. Intel is building multiple new fabs in Arizona and Ohio with over $19 billion in subsidies and loans. Texas Instruments plans a $60 billion investment across seven fabs, while TSMC is adding $100 billion to expand manufacturing in Arizona. Qualcomm, though fabless, remains influential in chip design and outsourcing production to firms like Samsung.
With the fresh $4 billion investment, including $2.87 billion for critical manufacturing equipment, the project is poised to deliver substantial long-term economic benefits and advance U.S. technological innovation. The resumption of construction on the Texas plant signals a vote of confidence in the U.S. semiconductor market and its potential for growth.
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