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South Korea.- Samsung will invest more than 15,000 million in a chip factory in the US that will create more than 2,000 jobs

11-24-2021 Samsung announces the construction of a new plant in the US SAMSUNG POLICY


Samsung Electronics will build a microprocessor production plant in the Texas town of Taylor, in the United States, in which it will invest around 17,000 million dollars (15,112 million euros) and that will create more than 2,000 direct technological jobs, in addition to other thousands of indirect jobs in the region.

The total amount announced for the development of this new plant, including buildings, property improvements, machinery and equipment, will represent the largest investment ever made by Samsung in the United States, where it has more than 20,000 employees, rising to more than 47,000 million of dollars (41,780 million euros) the investment of the company in the country since the beginning of its operations in 1978.

Work on the new Samsung plant is scheduled to begin in the first half of 2022 with the goal of bringing the facilities into operation in the second half of 2024.

As part of its investment in the community, Samsung will also contribute financial support to the creation of a Samsung Skills Center for the Taylor Independent School District (ISD) to help students develop skills for their future careers. , as well as providing internship and hiring opportunities.

The multinational selected Taylor as the location for its new plant in the United States after evaluating various possibilities in the country based on multiple factors, including the local semiconductor ecosystem, infrastructure stability, local government support and community development opportunities. .

In particular, the town’s proximity to Samsung’s Austin manufacturing plant, about 25 kilometers southwest of Taylor, allows both locations to share necessary infrastructure and resources.

“Samsung is laying the foundation for another important chapter in our future,” said Kinam Kim, vice president and chief executive officer of the Device Solutions Division at Samsung Electronics. “With increased manufacturing capacity, we will be able to better serve the needs of our customers and contribute to the stability of the global semiconductor supply chain,” he added.

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