Samsung announced detailed plans for a $ 17 billion chip factory in the US

This information was revealed in the context of the Joe Biden administration determined to make chip supply security a national priority for the United States.

Specifically, the Korean company plans to invest $ 17 billion in the Silicon Silver Project and create about 1,800 jobs in the first 10 years. About $ 5.1 billion will be spent on building buildings and renovating real estate, while the remaining $ 9.9 billion will be used for investment in machinery and equipment.

Samsung filing with the Texas Government shows that this project has priority in the state. In addition, the Korean giant is also researching backup locations in Arizona, New York, and in South Korea.

” Because of its strong relationship with the local community and 25 successful manufacturers in Texas, Samsung Austin Semiconductor wants to continue to invest in the state, ” said the Samsung document.

Samsung’s statement made in the context of President Joe Biden’s administration, in the first few weeks of his term, emphasized the importance of cutting-edge technologies, including semiconductor technology, intelligence. artificial and next generation networking. President Biden has also ordered global supply chain assessments for several other sectors such as microchips, large capacity batteries, pharmaceuticals, key minerals and strategic materials such as rare earths.

In January, Bloomberg said for the first time that Samsung was considering building an advanced chip factory in the US in hopes of acquiring more American customers and narrowing the gap with Taiwan’s chip maker TSMC. Loan. Samsung is also in talks to build a factory in Austin with the ability to produce advanced 3-nanometer chips. Details of Samsung’s discussion with that local government continue to be leaked in other files.

Right now, the demand for chips is soaring globally. Samsung’s Silicon Silver project is expected to add more than 7 million square feet to its Austin campus, which has been in operation for decades. It is estimated that 542 new workers will move to the city, contributing to an increase of 1,626 new residents.

If Samsung decides to locate the factory here, the project will start groundbreaking in the second quarter of 2021 and is expected to begin operations in the fourth quarter of 2023. This project will create strong economic impacts for the city of Austin in particular and the state of Texas in general.

At the moment, Samsung’s large-scale plant in Austin has not returned to operation since Feb. 16 after the state power agency ordered them to suspend operations due to widespread power outages. City officials said electricity could be re-supplied, but water still lost would delay the plant’s run time for longer.

The US state of Texas is experiencing a record badly blizzard. The sharp drop in temperature and heavy snow cover have disrupted many power grid systems, leaving tens of thousands of people living in the absence of electricity. Frozen water also interrupted the water supply.