Posted on Friday, January 22 2021 @ 16:28 CET by Thomas De Maesschalck
Rumors are spreading that Samsung is evaluating a massive investment in Texas. The South Korean giant is allegedly planning to build a facility in Austin, Texas. People familiar with Samsung's plans
told Bloomberg that the plant would be an over $10 billion investment and that it would be capable of making chips as advanced as 3nm with extreme ultraviolet (EUV) technology. If the project is, construction could start later this year. The timeline points to the installation of major equipment in from 2022 and a start of operation as early as 2023.
To close a deal, Samsung may need time to negotiate potential incentives with President Joe Biden’s administration. The company has hired people in Washington D.C. to lobby on behalf of the deal and is ready to go ahead with the new administration in place, the people said. Tax benefits and subsidies will ease Samsung’s financial burden, but the company may go ahead even without major incentives, one of the people said.
TSMC, world's leading semiconductor foundry, plans to build a $12 billion fab in Arizona by 2024.
