July 7, 2022
SAMSUNG ELECTRONICS LAUNCHES A 5G CHIP FOR AUTOMOTIVE SERVICES

SAMSUNG ELECTRONICS LAUNCHES A 5G CHIP FOR AUTOMOTIVE SERVICES

South Korea’s top tech giant Samsung Electronics has confirmed to build a second US semiconductor fabrication plant for $17 billion in Taylor, Texas. The move comes with an aim to complete construction in the second half of 2024.

The construction of the company’s second foundry in US will begin in the first half next year.

According to the company, such a massive investment has been made to meet a growing demand for system semiconductor engineering and to contribute to easing the global chip supply chain disruptions.

The tech company mentioned that both plants will be dedicated to making chips for clients as designed, while the chip packaging capacity is likely to stay in Asia. The new facility is expected to create around 2,000 jobs. It will enable production of chips equipped with cutting-edge technologies suitable for fifth-generation networks, high-performance computing and artificial intelligence.

Samsung Electronics mentioned that the latest deal will involve the biggest single capital expenditure in the US under the company’s history. The investment will be in buildings, property improvements, machinery and equipment.

The company besides creating some 2,000 new jobs in Taylor, has also vowed to provide financial backing for Samsung Skills Center for the Taylor Independent School District to help students develop skills for future careers.

The new US production line will serve as a core location alongside its Austin foundry plant, along with semiconductor lines in the home country.

The tech giant’s Austin plant manufactures products using nodes from 14 nanometers to 65 nanometers. Its contract manufacturing products range from radio frequency integrated circuits to display driver integrated circuits, solid state drive controllers and image sensors.

In the meantime, the company in the home country Korea is poised to add four more new semiconductor plants in Pyeongtaek by 2030.

The South Korean tech company is an integrated device manufacturer that operates foundry lines and produces its own designs. Recently in October it started mass-producing 14-nanometer dynamic random-access memory based on extreme ultraviolet technology. While it is also working to mass produce 3-nanometer chips for foundry clients by using gate-all-around transistors for semiconductor engineering.