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Samsung will create 2,000 jobs in Texas with $17 billion chip factory

<i>Jean Chung/Bloomberg/Getty Images</i><br/>Samsung's new semiconductor manufacturing plant in Pyeongtaek
Bloomberg via Getty Images
Jean Chung/Bloomberg/Getty Images
Samsung's new semiconductor manufacturing plant in Pyeongtaek

By Yoonjung Seo, CNN Business

Samsung is planning to build a $17 billion semiconductor manufacturing facility in Texas as part of efforts to tackle a global shortage of chips.

Announcing its largest ever investment in the United States, the South Korean electronics giant said Tuesday that the factory would create 2,000 high-tech jobs directly, and thousands more in the local economy once it is in full operation. The facility is expected to begin operations in the second half of 2024

“With greater 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,” Kinam Kim, Vice Chairman and CEO of Samsung Electronics, said in a statement.

The company said that it chose the city of Taylor in Texas for its new plant based on multiple factors, including its proximity to Samsung’s current manufacturing site in Austin, the local semiconductor ecosystem, and government support.

The Taylor site will span more than 5 million square meters and is expected to serve as a key location for Samsung’s global semiconductor manufacturing capacity, along with its latest new production line in Pyeongtaek, South Korea.

Samsung’s announcement comes at a time when the Biden administration has been pushing semiconductor production and research in the United States.

Although the current worldwide shortage of computer chips is primarily driven by the impact of the pandemic, extreme weather events that have hampered production and other factors, the United States has been lagging behind other producers for years.

Its share of worldwide semiconductor manufacturing dropped to just 12% last year, according to the Semiconductor Industry Association. That’s down from 37% in 1990. The trade group blamed “substantial” subsidies offered by foreign governments that place the United States at a “competitive disadvantage.”

Asian countries, including Taiwan and South Korea dominate the industry. Samsung and other South Korean manufacturers are spending huge amounts of money to shore up their production in the decade ahead.

In May, Samsung said that it would invest 38 trillion Korean won ($34 billion) on production of logic chips, the brains that power computers. That brings its total spend on the business to 171 trillion won ($151 billion) over the next decade, including commitments announced in 2019.

The chipmaker also announced in May that it has begun construction of the production line in Pyeongtaek — one of the world’s largest hubs for semiconductor production — which it expects to complete in 2022.

— Matt Egan and Diksha Madhok contributed to this report.

™ & © 2021 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.

CNN Newsource



      1. Taylor is part of the Austin Metro area you idiot. Go north to Round Rock, turn right on highway 79 and Taylor is about 6 minutes from that intersection. True there are lots of white trash in Williamson County, but that’s changing because of projects like this that require educated people who are moving in by droves. The white trash are moving to more rural areas east and north of Taylor.

        1. You’re an idiot. You’re never been there. Taylor is 40 miles from Austin in fly over country. Round Rock is a city to itself and not part of the City of Austin. You never said Austin metro area in your first post. So what you are saying is Las Cruces would be part of metro El Paso when clearly it is not. Jobs in Las Cruces no not equate to jobs in El Paso nitwit. See you are an idiot.

          1. You better get a map and look at it. Taylor is 16 miles from Round Rock. It takes me 6 minutes to drive it.

          2. You said Austin nitwit. Round Rock is not the City of Austin. It’s a lot more than 6 minutes. You’ve never driven it either liar. I35 will ruin your daily commute to and from work and double travel times. Keep on doubling down on your stupidity.

      1. Williamson County and Bell County to the North already have a high tech workforce nitwit. Bursting your dumba** libtard bubble the Republican County Judge Bill Gravell of Williamson County gives full credit to Governor Abbot and his office for the Samsung operation.

        1. I have no doubt that Gravell gives credit to Abbott. They’re both ignorant hillbilly white trash that had absolutely nothing to do with the decision by Samsung to build near Taylor.

          1. Both of those hillbillies probably claim credit for Louie Mueller BBQ being located there too.😁

          2. Char Lie Dumbo tripling down on his stupidity. Upset Governor Abbott and Republicans brought good jobs to Texas. BTW – The City of Austin and Travis County had nothing to do with bringing he Samsung operation to Texas. You lost the argument nitwit.

          3. “Gov. Greg Abbott has officially announced the selection of Taylor, Texas, for a new chip-making facility from Samsung. Abbott and other elected leaders, such as Sen. John Cornyn and Congressmen Michael McCaul and John Carter, were joined by Dr. Kim Ki Nam, vice chairman and CEO of Samsung Electronics Device Solutions Division, during a press conference at the governor’s mansion on Tuesday to make the announcement.” KVUE ABC. November 23, 2021.

      2. El Paso loses due to uneducated nitwits like Char Lie Dumbo aka Alberto. No tech education what so ever. The best tech jobs in El Paso are owned by retired military making the big bucks and the ability to maintain secret and top secret security clearances. That rules you out nitwit.

        1. The local power structure doesn’t want the demographics here to change. That’s how the local power clikue stays in power, regardless of party, all the same “good ol boys”.

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