Samsung’s announcement came amid a global chip shortage affecting various industries including the electronics and automobile industries. Kim Ki Nam, Vice President of Samsung Electronics for Semiconductors, expressed his expectations that the new plant will contribute to the stability of the global semiconductor supply chain. The company would like to thank the US government and Congress for their support in “quickly creating federal incentives for domestic chip production and innovation.”
The new facility will manufacture “products based on advanced processing technology” for mobile applications, ultra-fast 5G wireless data transmission, high-performance computing and artificial intelligence (AI). It will occupy an area of more than five million square meters and, along with the production line in Pyeongtaek, South Korea, will serve as a major site for Samsung’s global semiconductor production.
Samsung also announced that it will directly create more than 2,000 high-tech jobs and thousands more by expanding its presence in the United States. The proximity to the existing production facility in Austin, which is 25 kilometers away, allows both locations to share the necessary infrastructure and resources.
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