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There is a presence in Austin, Texas.
The image is of a phone.
According to The Wall Street Journal, a new advanced chip-making plant in Texas is expected to cost around $17 billion and could create over 1,700 jobs. The new plant will be located in the city of Taylor, which is roughly 30 miles away from the existing facility of the company. The WSJ notes that the new site is larger than the Austin plant.
The announcement could come as soon as 5pm today when Gov. Greg Abbott makes an economic announcement. The plant is not expected to start producing chips until the end of the year. The new plant is expected to be used to produce processors for its own uses and for use in other companies' products.
The WSJ reports that the city of Taylor has offered property tax breaks of over 90 percent for the first ten years of the plant's existence.
The company has not commented.
The Taylor plant is likely to be used by SAMSUNG to manufacture advanced chips for other companies based on their designs. The plant could produce chips as advanced as 3nanometers. The company has produced chips for other companies.
A final decision has not yet been made regarding the location, and the company declined to comment on the report.
The global Semiconductor shortage continues to cause major problems for everyone from console makes to car manufacturers. According to recent comments from Intel CEO Pat Gelsinger, the situation is unlikely to abate until at least 2023.
The Biden administration is attempting to bolster US chip production, reduce the potential for supply chain disruption and reverse the country's declining share of manufacturing in recent decades. The Senate recently approved subsidies for new chipmaking plants, but the CHIPS Act is still pending in the House.
Many of the new plants won't be online anytime soon, despite the chip-making industry having production capacity increases planned. TSMC and Sony's new $7 billion chip factory in Japan won't start production until the end of 2024, the same year as TSMC's new $12 billion Arizona plant. Over the next three years, TSMC plans to invest over $100 billion in new chip factories, while Intel plans to spend a similar amount over the next decade on investments in the US and Europe.
