Samsung’s US factory, which is expected to significantly reduce the chip shortage that affects every sector from automotive to technology production, will be established in Texas. South Korean company 17 billion dollar investment will produce advanced chips for use in smartphones, 5G and artificial intelligence.
Texas Governor Greg Abbott said Samsung’s move “The largest foreign direct investment in the history of the state” evaluated as. Abbott made a new statement on a television show he attended. Texas’ home of future semiconductor manufacturing He said he would.
Samsung will make a big investment in the semiconductor factory!
Technology giant Samsung plans to establish a new semiconductor factory in the USA. Details of the factory to be opened in Texas are coming.
“Texas leads semiconductor manufacturing”
Texas Governor Greg Abbott said that all of the US’s power supplies, including semiconductors and urgently needed medical supplies, outsourcing the production of basic needs you made a mistake expressed. Adding that they should not be dependent on China or other countries, Greg Abbott added that in this context, Texas leads the semiconductor production.
Greg Abbott stated that some of the regulations and decisions made in the COVID-19 epidemic triggered the chip shortage, “[Çip] Not just on your iPhone or laptop; it also exists in all the vehicles you manufacture. “This is exactly why Texas is leading the way by becoming the home of semiconductors that exist in everything people use.”
Production at Samsung’s Texas plant to begin in 2024
According to the shared information, the construction of Samsung’s Texas factory will begin next year. Production is expected to start in 2024. Considering New York, Arizona and Florida for the factory, the South Korean company chose Texas because of tax breaks and incentives, as well as the city’s capacity to supply electricity to facilities in the event of a power outage.
Texas is starting to become a new stop not only for foreign investors, but also for companies headquartered in other states. Tesla, the electric car manufacturer owned by Elon Musk, has decided to move its headquarters in California to Texas.
In his statement on the subject, Musk said, “There are limits to how much we can grow in the Bay Area. Our factory in Austin is five minutes from the airport and only 15 minutes from downtown. In this way, we will be able to offer more opportunities for guests who want to visit our factory.” used the phrases.