Nov 24, 2021
Samsung chooses Texas as site of new $17bn chip plant
Image source, EPA.Samsung has chosen a site close to the city of Taylor in Texas for its new $17bn computer chip plant, amid a global shortage of semiconductors. Samsung, like several of its rivals, is racing to expand chip making in the US to tackle supply chain issues. The plant is expected to be operational by the second half of 2024.It comes as US President Joe Biden has been pushing chip giants to increase their production in the US."Increasing domestic production of semiconductor chips is critical for our national and economic security," US Commerce Secretary Gina Raimondo said separately. The global chip shortage has been causing major disruptions for manufacturers, from carmakers that have had to suspend production to Apple warning that iPhone shipments would be delayed. We won't see a spade in the ground on this project until next year - and it won't start producing chips until at least 2024.The world is hungry for computer chips right now.
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