"With greater production capacity, we will be able to better meet the needs of our customers and contribute to the stability of the overall semiconductor supply chain," the media reported. American Austin American-Statesman, citing Kim.
In response, the mayorof Taylor, Brandt Rydell, compared Samsung's announcement to "a real economic dynamo" that will revitalize his city.
According to available information, the announced project is expected to create around 1,800 jobs over time and more 10,000 jobs in the construction phase. The new factory will be built on an area of 400 hectares. It should be noted that the city of Taylor which will house the building is located 55 km from Austin, the capital of Texas and the city where Samsung's largest factory is located (outside of South Korea).
In single file
Samsung is not the only company to develop its semiconductor segment in the USA. Indeed, it follows in the footsteps of TSM - the largest producer of electronic chips in the world - which started construction of a semiconductor plant in Arizona last June. A few months earlier, Intel had announced that it plans to inject $ 20 billion in two similar projects (still in Arizona).
As a reminder, Samsung is the second largest semiconductor manufacturer in the world. With 17% of this market, it is far behind the Taiwanese TSM (55%). According to a report released by TrendForce, the semiconductor industry is expected to grow 17.3% this year, up from 10.8% in 2020.