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

CTOnews.com, Nov. 20 (Xinhua) Samsung plans to expand its semiconductor chip plant in Taylor, Texas. The South Korean company recently signed a contract with a fabless semiconductor chip company to provide advanced artificial intelligence processing chips, and the expansion of the chip plant may be the result of this contract. the company hopes to expand its chip production capacity.

Samsung will add a building to its semiconductor chip factory in Taylor, with a floor area of about 2.7 million square feet, according to JoongAng Daily. Construction work has begun, and Samsung has hired a local engineering company to take charge of the construction review and inspection process. According to documents on the Taylor city website, the new building is currently called "Samsung Manufacturing Plant 2". "the municipal government has signed a development agreement with Samsung, requiring it to designate resources and create rapid processes to provide review, approval and inspection services related to site development and construction activities," the document said. "

The building, which will be located in the southwest of the city, is part of Samsung's Taylor chip plant, which opened in 2022 with an initial investment target of $17 billion. However, due to rising construction costs and the increase in new buildings, the budget has risen to US $25 billion (CTOnews.com Note: currently about 180.5 billion yuan). Although the company did not disclose specific plans for the new building, some expect it to be a place to store raw materials or part of a chip production line.

Last year, Samsung applied to the US government for tax breaks for 11 semiconductor chip factories in Texas. The company has pledged to invest nearly $200 billion over the next 20 years and plans to become the largest semiconductor chip company in 2030 and surpass TSMC to become the world's largest contract chip manufacturer.

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