Samsung Wants to Build A Billion-Dollar Chip Factory in the US

Samsung Wants to Build A Billion-Dollar Chip Factory in the US

Smartphone maker Samsung is considering building the company’s most advanced chip factory to date.

The factory should cost more than $ 10 billion and come in Texas, the US, insiders, told Bloomberg news agency.

Construction on the plant is expected to begin this year, and the plant could be operational by 2023, the sources said. Samsung says in an email that no decision has yet been taken on plans for a factory in the United States.

With the investment, Samsung would like to attract more American customers and compete with the Taiwanese market leader for chips TSMC. It is currently building a chip factory in Arizona for $ 12 billion, and it should be operational by 2024.

Samsung has previously said it wants to invest hundreds of billions of dollars in the development of chip technology.

With the arrival of a factory in the United States, Samsung is responding to the American government’s attempts to counter the advance of Chinese tech companies.

America has long been trying to bring back manufacturing that has shifted to Asia, hoping it can support American companies and their chip industry. Samsung is said to have already hired lobbyists to negotiate with President Joe Biden’s government.

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