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Samsung's plant construction budget in Texas rose from $17 billion to $25 billion because of "inflation".

2025-01-21 Update From: SLTechnology News&Howtos shulou NAV: SLTechnology News&Howtos > IT Information >

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Shulou(Shulou.com)11/24 Report--

Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! CTOnews.com March 17 news, according to industry sources, Samsung located in Taylor City, Texas (Taylor) semiconductor chip factory affected by "inflation", the original investment budget from $17 billion (CTOnews.com Note: current about 117.3 billion yuan) to 25 billion dollars (CTOnews.com Note: currently about 172.5 billion yuan), an increase of $8 billion.

Samsung Foundry finalised a new semiconductor plant in Taylor City in May 2022, with an initial budget of $17 billion. Samsung subsequently announced that it would expand the factory's floor space by 176.76 acres.

Samsung Foundry began purchasing equipment for the plant in December 2022; in January 2023, Samsung CEO Kyung Kye-hyun confirmed that the construction of the semiconductor plant was on schedule and would be completed on schedule.

The latest Reuters report says the plant's construction budget has increased by $8 billion as materials have become expensive. Another source added that if Samsung delays the construction of a semiconductor plant in Texas, the budget will rise further due to factors such as subsidies.

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