Samsung is building a new chips factory in Texas

Samsung’s investment in the Taylor area of ​​Texas, USA, may reach $ 17 billion. The production line there will meet the demand not only of Samsung itself, but also of the companies it supplies with processors.

In total, Samsung wants to invest $ 205 billion in the development of its business, with $ 17 billion spent on building the new plant. The start of production at the plant in Texas is scheduled for 2024, while it is estimated that they will be created approximately 1,800 new jobs there.

Samsung already has a plant in Austin, Texas, with Taylor having a significant boost in production, covering about 1,200 hectares of land. Samsung is embracing the view that the processor crisis can only be tackled with investment, as is the case with TSMC, which will invest $ 100 billion in processor production over the next three years.

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