Samsung plans to build new chip factories in US to overtake TSMC by 2030

According to news from this site on November 20, Samsung plans to expand its semiconductor chip factory in Tyler, Texas, USA. The South Korean company recently signed a contract with a fabless semiconductor chip company to provide advanced artificial intelligence processing chips, and this chip factory expansion may be the result of this contract, as the company hopes to expand its chip production capacity.

Samsung will add a building with approximately 2.7 million square feet of floor space to its semiconductor chip factory in Tyler, according to JoongAng Daily. Construction has already begun, and Samsung has hired a local engineering firm to handle the construction review and inspection process. The new building is currently known as "Samsung Manufacturing Plant 2," according to documents on the city of Tyler's website. The document also reads: "The City has entered into a development agreement with Samsung that requires the City to designate resources and create an expedited process to provide review, approval and inspection services related to site development and building construction activities."

The building will be located southwest of downtown and is part of the Tyler chip factory that Samsung plans to open in 2022 with an initial investment target of $17 billion. However, due to rising construction costs and an increase in new construction, the budget has risen to $25 billion. While the company has not revealed specific plans for the new building, some expect it could be a place to store raw materials or part of a chip production line. Last year, Samsung applied for tax incentives from the U.S. government for 11 semiconductor chip factories in Texas.

The company has pledged to invest nearly $200 billion over the next 20 years and plans to become the largest semiconductor chip company by 2030

and surpass TSMC to become the world's largest contract chip foundry. Advertising statement: The external jump links (including but not limited to hyperlinks, QR codes, passwords, etc.) contained in the article are used to convey more information and save selection time. The results are for reference only. All articles on the site contain this statement.

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