Samsung to Speed up Foundry Construction

Samsung Electronics' then vice chairman Kim Ki-nam (first from right in the front row), together with Texas Governor Greg Abbott (center in the front row) and Senator John Cornyn, holds a press conference at the Texas Governor’s residence on Nov. 23 (U.S. local time) in 2021.

The U.S. city of Taylor has kicked off an administrative procedure for the construction of Samsung Electronics’ second foundry.

Major foreign and local media outlets said on Jan. 17 that the city's council approved on Jan. 13 (U.S. local time) an ordinance to incorporate areas outside the city's boundary into development plans and allow Samsung Electronics to merge them into its new factory site.

The areas to be incorporated into the factory site include about 1268.23 acres of land in Taylor and Williamson County, a county in the U.S. state of Texas that surrounds the city.

The approval of the ordinance is expected to speed up Samsung Electronics’ construction of the US$17 billion foundry. The Korean semiconductor giant aims to start the construction of the plant in the first half of 2022 and operate it beginning in the second half of 2024.

The new plant is expected to be based on a state-of-the-art foundry process to produce system semiconductors for 5G, artificial intelligence (AI) and high-performance computing (HPC).

Copyright © BusinessKorea. Prohibited from unauthorized reproduction and redistribution