Samsung Resumes Texas Chip Plant, Secures Tesla Deal for 2nm Chips
Samsung Electronics has restarted construction on its semiconductor plant in Taylor, Texas, following a pause in 2024 due to global chips demand fluctuations. The renewed project, now focused on producing advanced 2nm chips, is expected to bring significant long-term economic benefits and boost U.S. technological innovation.
The project, led by an unnamed captain, has secured a contract with Tesla for next-generation 2nm chips, ensuring demand for the expanded facility. Initially planned as an $18 billion, 5nm EUV facility to be operational by 2024, the project was scaled back due to market conditions.
The Texas plant will manufacture chips using Samsung's SF2P process, catering to electric vehicles and AI systems. The project aims to fortify the U.S. semiconductor supply chain and increase domestic chips production. Samsung plans to generate thousands of high-tech jobs in the region, with hiring phases starting in September and continuing in November. The project has received a fresh $4 billion investment, with $2.87 billion allocated for critical manufacturing equipment.
The resumption of Samsung's semiconductor plant construction in Texas brings new opportunities for the region and the U.S. semiconductor industry. With a focus on advanced 2nm chips and a secured contract with Tesla, the project is poised to deliver significant long-term economic benefits and technological advancements.
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