New plant in US will help ease global chip shortage, says Samsung
Samsung Electronics
said on Wednesday it has selected the city of Taylor in Texas, the US, as the
site of its new $17 billion chip fabrication plant, a move to boost production
amid a global chip shortage.
The decision came five months after the tech giant announced a
plan to build a second, next-generation chip plant in the United States, and as
the chip supply crunch caused global automobile and consumer electronics companies
to slash their production.
Samsung said
it had considered multiple factors, including "the local semiconductor ecosystem,
infrastructure stability, local government support and community development
opportunities."
Also the proximity to its current manufacturing site in Austin,
about 25 kilometers southwest of Taylor, will enable "the two locations to
share the necessary infrastructure and resources," it said, reports Yonhap
news agency.
The move will help Samsung lay "the
groundwork for another important chapter in our future," said Kim Ki-nam,
vice chairman and CEO of Samsung's device solutions division.
"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," he said.
The new investment will also bring "more jobs" and
support "the training and talent development of local communities,"
Kim said, as "Samsung celebrates 25 years of semiconductor manufacturing
in the U.S"
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