Samsung Electronics could begin construction of new U.S. chip plant in Q3 - Electronic Times

Reuters2021-05-18

SEOUL, May 18 (Reuters) - Samsung Electronics Co Ltd could begin construction of a planned $17 billion U.S. chip plant in the third quarter of this year with a target to be operational in 2024, a South Korean newspaper reported late on Monday.

Samsung is planning to apply an advanced 5-nanometer extreme ultraviolet (EUV) lithography chip-making process at the plant, which is expected to be in Austin, Texas, the Electronic Times reported citing unnamed industry sources.

Samsung did not have an immediate comment.

Documents filed with Texas state officials previously showed Samsung is considering Austin as one of the sites for a new $17 billion chip plant that the South Korean firm said could create 1,800 jobs.

U.S. President Joe Biden has proposed $50 billion to support chip manufacturing, which has spurred companies like Intel Corp and global No. 1 chip contract manufacturer Taiwan Semiconductor Manufacturing Co to consider major new investments.

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Comments

XllRyanllx
2021-05-18
XllRyanllx
Comment for comment
XllRyanllx
2021-05-18
XllRyanllx
Wow.
Dhalsim Wee
2021-05-18
Dhalsim Wee
like and comment if you have faith in samsung’s businesses!
YH17
2021-05-18
YH17
Please like and comment
- YH17:
  done..
- Glenna:
  ok pls do the same for me thanks
Ak91
2021-05-18
Ak91
Lik n comment pls
henghm
2021-05-18
henghm
Like and comment
- Ak91:
  Ok

Leave a comment

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businesses!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/195568351","repostId":2136957689,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":195598844,"gmtCreate":1621300466288,"gmtModify":1704355358571,"author":{"id":"3574221145623189","authorId":"3574221145623189","name":"YH17","avatar":"https://static.tigerbbs.com/f600caf80ccbe52f6a8d46d71da20f19","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3574221145623189","authorIdStr":"3574221145623189"},"htmlText":"Please like and comment&nbsp;","listText":"Please like and comment&nbsp;","text":"Please like and 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pls do the same for me thanks","text":"ok pls do the same for me thanks","html":"ok pls do the same for me thanks"}],"langContent":"EN"},{"id":195591740,"gmtCreate":1621300454080,"gmtModify":1704355357926,"author":{"id":"3573276404004652","authorId":"3573276404004652","name":"Ak91","avatar":"https://static.tigerbbs.com/0578c6f4e6345562f2d636b87cc2b9fd","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3573276404004652","authorIdStr":"3573276404004652"},"htmlText":"Lik n comment pls","listText":"Lik n comment pls","text":"Lik n comment 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