Samsung plans investment in semiconductor cluster

Samsung Electronics has announced it will invest $40 billion to build a semiconductor cluster across a number of locations in Texas with a $6.4bn in direct funding under the US Chips and Science Act to support the development. The Taylor fabs are expected to be up and running by 2026 and Samsung said those facilities will use “leading-edge sustainability strategies” to promote carbon-free electricity use and conserve water resources.

“We’re not just expanding production facilities; we’re strengthening the local semiconductor ecosystem and positioning the US as a global semiconductor manufacturing destination," said Kye Hyun Kyung, president and CEO of the device solutions (DS) division at Samsung Electronics. "To meet the expected surge in demand from US customers, for future products like AI chips, our fabs will be equipped for cutting-edge process technologies and help advance the security of the US semiconductor supply chain.”

Samsung Electronics will also partner with local educational institutions in the state, including Austin Community College, The University of Texas at Austin, Texas A&M University, and Taylor High School, to train future semiconductor workers.