Samsung selected a site near the city of Taylor, Texas for its new processor and semiconductor manufacturing facility. The move comes at a time when there is still a strong shortage of chips for the consumer technology market, and beyond. Recently, Ford and GM said they wanted to convert part of their production chain to make up for the global lack of hardware. According to initial information obtained by the Wall Street Journal, the Korean giant will invest 17 billion dollars for the construction of the plant which, by 2024, will create 2,000 new jobs in the area. This is the electronics giant's largest ever investment in US soil.
The chips made in the new facility will be used in a range of products including mobile phones, 5G networks, high-performance computers and artificial intelligence. To date, Samsung employs over 20,000 employees in its factories in the United States. US President Joe Biden has pushed big techs to increase their chip production in the country. Meanwhile, US Secretary of Commerce Gina Raimondo stressed that the new facility would help "protect supply chains, revitalize the manufacturing base and create more jobs. In addition, increasing domestic chip production. semiconductor is critical to our national and economic security. " Samsung, like many of its rivals,is working to address the problems of processor shortages among suppliers. The group produces chips in house, of the Exynos series, but also relies on third parties, mainly Qualcomm, for the integration of Snapdragon processors into its products.
